Morris Publishing to seek prepackaged bankruptcy

Augusta Chronicle
Augusta, Ga.-based Morris Publishing — owner of the Augusta Chronicle, Savannah Morning News, Florida Times-Union and 10 other papers — says it will file a “prepackaged” bankruptcy plan, preapproved by a majority of its creditors. Morris has been unable to pay $19.4 million in interest on unsecured bond debt of $278.5 million that was due in two semiannual payments in February and August last year.

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