Wednesday, September 17, 2008

Bankruptcy may be next at some papers

Bankruptcy court may be the next stop for some of the most precariously financed newspaper publishers.As awful as the prospect sounds, it actually could be a good thing for the newspapers, because a Chapter 11 bankruptcy filing enables a struggling company to restructure its debt, streamline its business and potentially put itself on a sounder footing for the future. Not all Chapter 11 filings

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