Auction set next month for bankrupt West Virginia newspaper
Feb. 07, 2018
CHARLESTON, W.Va. (AP) — A court notice says a Pulitzer Prize-winning newspaper in West Virginia is set to go on the auction block next month.
The Charleston Gazette-Mail reports a federal bankruptcy judge approved an order Wednesday that specifies steps companies must take to place bids by a March 6 deadline. The order says the successful bidder will be revealed the same day as the March 8 auction.
Gazette-Mail owner Charleston Newspapers filed for Chapter 11 bankruptcy protection late last month and issued a 60-day layoff notice to employees.
The newspaper says Wheeling-based Ogden Newspapers has submitted the highest bid so far of $10.9 million. Ogden owns more than 40 daily newspapers nationwide.
The Gazette-Mail's Eric Eyre won a Pulitzer Prize last year for his investigative reporting of the state's opioid drug crisis.
Information from: The Charleston Gazette-Mail, http://wvgazettemail.com.