GateHouse Media: Our bankruptcy filing ‘is not a reflection of any operational problem’
GateHouse Media has filed for voluntary Chapter 11 bankruptcy. CEO
Michael Reed says in a memo that “with the challenges facing our
industry and the impending maturity of our secured debt next year,
we needed to be proactive in exploring options to restructure our debt,
recapitalize and position ourselves for future growth.”
He adds: “Our prepackaged plan p
http://jimromenesko.com/2013/09/27/gatehouse-media-our-bankruptcy-filing-is-not-a-reflection-of-any-operational-problem/