GateHouse Ch. 11, Spinoff Confirmed By Judge

Law360, New York (November 6, 2013, 6:55 PM EST) -- A Delaware bankruptcy judge on Wednesday confirmed community newspaper publisher GateHouse Media Inc.’s prepackaged Chapter 11 restructuring plan, allowing it to spin off into a new media enterprise in combination with 33 other papers.

Judge Mary F. Walrath confirmed GateHouse’s reorganization and debt restructuring plan, which was confirmed by every secured creditor and supported by an affiliate of Fortress Investment Group LLC, which nudged GateHouse into a quick bankruptcy in September.

Under the plan, GateHouse's secured creditors will get either shares in New Media Investment Group...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.