by John Hazlehurst Published: July 16,2009
In an interview with the Orange County Register published earlier this week, Burl Osborne, the interim CEO of Freedom Communications, said that the company is in discussions with its bankers about "restructuring." Freedom, which owns dozens of media properties, including the Register and the Colorado Springs Gazette, is more than $700 million in debt. [...]
by Associated Press Published: March 31,2009
Tags: bankruptcy, general motors
DETROIT (AP) – General Motors Corp.’s new chief executive said Tuesday that more of the automaker’s plants could close and bankruptcy is “more probable” as GM works to meet new, tougher requirements for government aid.In his first news conference as CEO, Fritz Henderson said he expects the company would “need to take further measures” beyond [...] [...]
by Scott Prater Published: March 24,2009
Tags: bankruptcy, Chapter 11, recession, Sportsman's Warehouse
Apparently caught in the crosshairs of the global economic recession, Sportsman’s Warehouse filed for Chapter 11 bankruptcy protection Saturday. A statement on the company’s Web site says owners will either sell the business or reorganize as a smaller, viable chain of Sportsman’s Warehouse stores. On March 10, the Utah-based Sportsman’s Warehouse announced plans to close [...] [...]
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