Family-owned publisher goes belly-up, selling assets to pre-arranged bidder
Brown Media Holdings Co. and Brown Publishing Co., the family-owned newspaper publishers based in Cincinnati, has filed for Chapt. 11 bankruptcy, the Associated Press reported.
The companies plans to assets in 10 states to a bidder they have already lined up. They have also asked the U.S. Bankruptcy Court for the Eastern District of New York for approval of $2.5 million in financing.
Among the companies’ newspapers are The Delaware Gazette in central Ohio and the Piqua Daily Call, theTroy Daily News and the Wilmington News Journal in western Ohio.
Read more by the Associated Press.
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