Saturday, September 4, 2010

Judge OKs sale of Ohio-based newspaper chain

A federal bankruptcy judge in New York approved the sale of most assets of Ohio-based newspaper chain Brown Publishing Co. to the company's lenders for about $21.8 million.
Judge Dorothy Eisenberg of the U.S. Bankruptcy Court for the Eastern District of New York issued an order Friday approving the sale to Ohio Community Media LLC. Court records show Pittsburgh-based PNC Bank is part of the media group. The judge also approved sale of Brown Publishing's New York newspaper group, Dan's Papers Inc., to Dan's Papers Holdings LLC for about $1.8 million. Among the companies' newspapers are The Delaware Gazette in central Ohio and the Piqua Daily Call, the Troy Daily News and the Wilmington News Journal in western Ohio.

No comments:

Blog Archive