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,
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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/