Tuesday, January 19, 2010

Lowell Sun owner says it’ll file for Chapter 11

The media company that owns the Lowell Sun and 18 other New England papers said it plans to file for Chapter 11 bankruptcy soon in an effort to get out from under its crushing debt.

Affiliated Media Inc. said it has worked out a deal with lenders to restructure its debt and won’t have to slash operations or be forced to sell any of its newspapers.

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