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.

  • Jim Romenesko

    From 1999 to 2011, Jim Romenesko maintained the Romenesko page for the Poynter Institute, a Florida-based non-profit school for journalists. Poynter hired him in August of 1999, after seeing his MediaGossip.com, a hobby site he started in May of 1999.

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