Brown Media files bankruptcy

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Ohio-based Brown Media, which owns the Boulder County Business Report, filed for bankruptcy on Friday. The company also owns or has interests in nine other business publications, 15 dailies, and more than 30 weeklies, most based in Ohio.

According to the Boulder County Business report, Brown purchased Boulder Business Information, owner of the Boulder County Business Report, in February 2008. BBI is also part owner of the Northern Colorado Business Report and the Wyoming Business Report, but neither of those publications is affected by the bankruptcy.

In the filing with the U.S. Bankruptcy Court for the Eastern District of New York, Brown said that it intends to sell most of its assets to an unnamed buyer, who would assume much of the company’s existing debts.

Boulder County Business Report publisher Christopher Wood said the publication, founded in 1982, is experiencing strong growth in print, online and event sales, despite the bankruptcy filing by the corporate parent.