Morris Publishing Emerges From Chapter 11 Bankruptcy

morris_3.2.10.jpgIn January of this year, Morris Publishing Group filed for Chapter 11. Now, 42 days after filing its case, Morris has announced that it will emerge from bankruptcy.

By filing a pre-packaged bankruptcy, Morris was able to cut the amount it owed debtors from $418 million to $107 million and will remain a privately held company.

The Augusta, Georgia-based company owns 13 daily newspapers including The Augusta Chronicle and Savannah Morning News. Additionally, the group owns over 60 non-daily papers in Alaska, Arkansas, Florida, Kansas, Minnesota, South Carolina and Texas.