Newspaper Company Emerges From Chapter 11 Bankruptcy
Feb. 27, 1992
TRENTON, N.J. (AP) _ The parent company for three Ohio newspapers has received a bankruptcy judge's approval of its debt restructuring, clearing the way for it to emerge from bankruptcy court.
Community Newspapers Inc. will change its name to Journal News Inc. and reduce its debt, under the plan approved Wednesday by U.S. Bankruptcy Judge Stephen Stripp.
The 750-employee company will continue operating The (Lorain) Morning Journal, The (Willoughby) News-Herald and The Times-Reporter in Dover-New Philadelphia. It also operates a printing plant in Ohio and another in Missouri.
The company filed bankruptcy in February 1991 under Chapter 11 of the U.S. Bankruptcy Code.
Trenton-based Journal Register Co. manages Community Newspapers, the Journal Company Inc., which runs nine daily newspapers in six states, and NH Acquisition Corp, which owns the New Haven Register in Connecticut.