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.
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