Thursday, June 25, 2009

Journal Register hits bankruptcy plan objections

The Journal Register Co. faced objections to its Chapter 11 reorganization plan on several fronts Thursday, as the newspaper publisher submitted its proposal to a U.S. Bankruptcy Court judge in Manhattan.

The vast majority of creditors have voted to approve the terms. But the company's plans to pay executive bonuses following its emergence from bankruptcy drew criticism.

}}} full story {{{

No comments: