Monday, May 3, 2010
Brown Publishing Files for Bankruptcy
Newspaper publishers Brown Media Holdings Co. and Brown Publishing Co. filed for Chapter 11 Bankruptcy protection on April 30th. An unnamed bidder plans to assume a substantial portion of the liabilities and assets.
Brown Publishing has publications in ten states: Ohio, New York, Texas, South Carolina, Illinois, Iowa, Colorado, Utah, Arizona and Wyoming, which includes fifteen daily publications, thirty two weekly publications, forty one shoppers / free publications and eleven business publications. The sale will include all the assets.
Some of the papers involved are the Delaware Gazette, Wilmington News Journal, Troy Daily News and Piqua Daily Call.