AUGUSTA, Ga. AP – A federal judge Wednesday cleared the way for newspaper owner Morris Publishing Group to emerge from bankruptcy protection less than a month after it filed under Chapter 11.
Morris Publishing, owner of 13 daily newspapers including the Amarillo Globe-News and Lubbock Avalanche-Journal, sped through the court after a year spent formulating a plan to shed $288.5 million in debt – or about 70 percent of its total of $415 million – and winning approval from the vast majority of its creditors.
