Gatehouse Media Entering Chapter 11

Fairport  based Gate House Media which owns better than 400 daily and weekly papers and shoppers including the Canandaigua Daily Messenger and the Penn Yan Chronicle-Express and numerous websites is filing for Chapter 11 bankruptcy in an attempt to restructure its nearly 1.2  billion dollar debt . George Conboy the Chairman of Brighton Securities tells us you'll still  be getting your papers.   



 


Newcastle Investment  which owns 52 percent of GateHouse’s debt, would merge GateHouse with the 33 Dow Jones Local Media publications  it just bought for 87 million dollars and new publicly traded company would emerge called New Media.

 

 

                                                              CONBOY

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