Brown Publishing Company and Brown Media Holdings Company filed for Chapter 11 bankruptcy, according to a report by the Associated Press.
The Cincinnati-based media companies own daily and weekly newspapers in Ohio, New York, Texas, South Carolina, Illinois, Iowa, Colorado, Utah, Arizona and Wyoming. The bankruptcy filing was made Friday in U.S. Bankrupcty Court for the Eastern District of New York.
An unnamed “stalking horse” bidder will assume most of Brown’s liabilities, according to the report.
The company runs more than a dozen Dayton-area daily and weekly papers including the Fairborn Daily Herald, the Kettering-Oakwood Times, the Piqua Daily Call, the Skywriter at Wright-Patterson Air Force Base and the Troy Daily News. Brown Publishing purchased both the Troy and Piqua papers from Pulitzer Publishing back in the 1990's, and made national headlines back in 2008 by reducing publication on Tuesdays, citing a decline in revenue.
As of Monday night, there was no comment from Brown Publishing, nor any statement found on their website.
The Cincinnati-based media companies own daily and weekly newspapers in Ohio, New York, Texas, South Carolina, Illinois, Iowa, Colorado, Utah, Arizona and Wyoming. The bankruptcy filing was made Friday in U.S. Bankrupcty Court for the Eastern District of New York.
An unnamed “stalking horse” bidder will assume most of Brown’s liabilities, according to the report.
The company runs more than a dozen Dayton-area daily and weekly papers including the Fairborn Daily Herald, the Kettering-Oakwood Times, the Piqua Daily Call, the Skywriter at Wright-Patterson Air Force Base and the Troy Daily News. Brown Publishing purchased both the Troy and Piqua papers from Pulitzer Publishing back in the 1990's, and made national headlines back in 2008 by reducing publication on Tuesdays, citing a decline in revenue.
As of Monday night, there was no comment from Brown Publishing, nor any statement found on their website.
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