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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In order to perform some minor sidewalk and asphalt work on the Adams Street Bridge,
Adams Street from Water Street to Staunton Road, will be closed between the hours of
9:00 am. - 2:00 pm for up to three days this week, May 3 - May 5, 2010.
Adams Street from Water Street to Staunton Road, will be closed between the hours of
9:00 am. - 2:00 pm for up to three days this week, May 3 - May 5, 2010.
TROY PLACEMENT IN UTILITY RATE SURVEY
The City of Oakwood has just completed the 2010 Water and Sewer Rate Survey.
Of the 63 public entities surveyed, Troy continues to rank very favorable, having the 16th lowest combined water and sewer cost, which is 14.75% less than the average. The rates are based on the usage of 22,500 gallons, or 3,000 cubic feet of water in a three month period. The rates are based on those in effect as of March 1, 2010.
Even though the City of Troy has enacted utility fee adjustments, Troy continues to rank favorably in this annual survey.
Mayor Beamish commented: "This new, outside of Troy, utility rate survey demonstrates our continuing efforts to maintain quality services at reasonable rates. This is a very important operating concern for our Troy Council, staff, and ultimately, the citizens we serve. "
Each year the city of Oakwood collects and compiles water and sanitary sewer rate information from jurisdictions in Southwest Ohio and presents the results in the form of comparative bar charts. Reporting governmental entities use this rate analysis in various ways.
Each participating jurisdiction is asked to calculate their effective water and sewer cost using a base consumption of 22,500 gallons (or 3,000 cubic feet) over a three-month period of time. Since reporting entities may bill on a monthly, bi-monthly or quarterly basis and have minimum consumption fees, multipliers, surcharges, etc., calculations must be done carefully to obtain an accurate presentation of the data. The city has developed a calculation worksheet to assist participants in determining their quarterly cost and to ensure data accuracy.
While we prefer to rely upon each respondent to provide accurate rate information, Oakwood staff carefully reviews all responses and takes actions where needed to identify data that appears to be incorrect or noticeably out of line with prior year data.
The methodology used in completing the survey is as follows:
The City of Oakwood has just completed the 2010 Water and Sewer Rate Survey.
Of the 63 public entities surveyed, Troy continues to rank very favorable, having the 16th lowest combined water and sewer cost, which is 14.75% less than the average. The rates are based on the usage of 22,500 gallons, or 3,000 cubic feet of water in a three month period. The rates are based on those in effect as of March 1, 2010.
Even though the City of Troy has enacted utility fee adjustments, Troy continues to rank favorably in this annual survey.
Mayor Beamish commented: "This new, outside of Troy, utility rate survey demonstrates our continuing efforts to maintain quality services at reasonable rates. This is a very important operating concern for our Troy Council, staff, and ultimately, the citizens we serve. "
Each year the city of Oakwood collects and compiles water and sanitary sewer rate information from jurisdictions in Southwest Ohio and presents the results in the form of comparative bar charts. Reporting governmental entities use this rate analysis in various ways.
Each participating jurisdiction is asked to calculate their effective water and sewer cost using a base consumption of 22,500 gallons (or 3,000 cubic feet) over a three-month period of time. Since reporting entities may bill on a monthly, bi-monthly or quarterly basis and have minimum consumption fees, multipliers, surcharges, etc., calculations must be done carefully to obtain an accurate presentation of the data. The city has developed a calculation worksheet to assist participants in determining their quarterly cost and to ensure data accuracy.
While we prefer to rely upon each respondent to provide accurate rate information, Oakwood staff carefully reviews all responses and takes actions where needed to identify data that appears to be incorrect or noticeably out of line with prior year data.
The methodology used in completing the survey is as follows:
- A survey form is mailed to each participating entity in early February.
- Data forms are collected until late February and entered into a tally sheet.
- Second request letters are faxed in mid-February to entities that have not responded.
- The tally sheet is completed once all responses are received.
- The data for each entity is compared to the previous year. Any entity that reports a decrease in rates or an increase in excess of 10% is contacted for verification and recalculation, if necessary. Entities providing water and/or sewer service to multiple jurisdictions, such as the city of Dayton, Montgomery County and Greene County are contacted to verify the correct rate for the various jurisdictions being served.
- The corrected survey information is compiled into bar charts
- Each responding entity and other interested parties are sent a summary of the survey results.
- Water: 2.62%
Sewer: 4.34%
Combined: 3.63%
