GateHouse Media Files For Chapter 11, Citing $1B In Debt As Revenues Decline

GateHouse Media Files For Chapter 11, Citing $1B In Debt As Revenues Decline

WILMINGTON, Del. - Publisher GateHouse Media (GMI) Inc. on Sept. 27 filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware listing debts of more than $1 billion. In his first-day declaration, GMI's CEO says the company should not be required to comply with the requirements of 11 U.S. Code Section 345 because that would be "unduly burdensome" (In Re: GateHouse Media Inc., No. 13-12503, Chapter 11, D. Del. Bkcy.).

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