From Bloomberg.com:
"Newspaper publishers Brown Media Holdings Co. and Brown Publishing Co. have filed for Chapter 11 bankruptcy relief and plan to sell their assets in 10 states to a bidder the companies have chosen. The Cincinnati-based, family-owned businesses filed Friday in U.S. Bankruptcy Court for the Eastern District of New York, asking for approval of $2.5 million in financing to help the companies through bankruptcy."
The list of newspapers Brown & Brown own are small dailies and weeklies, many located in Ohio. The company will be sold, but surely in these tough times not all of the newspapers will survive.
Tuesday, May 4, 2010
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Jim Philipps is NACo's Media Relations Manager. He has worked in media and government communications inside and outside of Washington, D.C. for nearly 20 years.
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