There has been a lot of discussion about the state of the publishing business. If the local newspapers are any indication, there is a major problem. Last month there was an article in the Denver Business Journal that the parent company of business newspapers in Boulder and Fort Collins-Brown Media Holdings Co./Brown Publishing Co.-has  filed for Chapter 11 bankruptcy protection. In the Chapter 11 filing, Brown Publishing Co. stated that it intends to sell its assets that are located in 10 states to an unnamed bidder of their choosing according to the Associated Press.

The Brown Publishing Co. bankruptcy filing is the most recent in a series of Chapter 11 filings involving Colorado newspapers that have occurred in the past year. “In March, Affiliated Media Inc.-the holding company of Denver-based MediaNews Group Inc., which in turn publishes The Denver Post, the Camera of Boulder and several other Colorado papers-emerged from Chapter 11 bankruptcy protection after the bankruptcy court approved a ‘pre-packaged’ plan that allowed it to greatly reduce its debt.” And in addition to the abovementioned cases, the publisher of The Gazette in Colorado Springs, just exited a Chapter 11 bankruptcy case last week.

Be aware that this may be a sign of things to come for other forms of hard-copy publishing. Before too long, reading may no longer involve paper, particularly when it comes to the news.

If you have any questions, please contact me. I am here to help. Kevin D. Heupel, Colorado Bankruptcy lawyer, 303-955-7570, COBankruptcyHelpEmail, free-consultation form.