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Tuesday, December 22, 2009

Heartland Publications in Chapter 11 bankruptcy

Heartland Publications LLC, publisher of about 20 daily newspapers, 30 weeklies and other mostly rural publications, "filed for Chapter 11 bankruptcy protection on Monday after agreeing with its major lender on a plan to cut the company's debt load by more than half," The Associated Press reports. "The company said the newspapers — in Georgia, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, Virginia and West Virginia — would continue operating as usual." For a Wall Street Journal story by Jacqueline Palank, click here. For Heartland's own story, click here. For a list of Heartland's papers by state, with frequency and circulation data, from the Editor and Publisher Yearbook and the Institute for Rural Journalism and Community Issues, click here.

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