Getting your player ready...
CINCINNATI — 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 companies said in a news release that the unnamed bidder will assume a substantial portion of their liabilities.
The sale involves all the companies’ assets in Ohio, New York, Texas, South Carolina, Illinois, Iowa, Colorado, Utah, Arizona and Wyoming.
