Jewish Times parent seeks bankruptcy protection
The publisher of the Baltimore Jewish Times, to which we have often referred on this blog, is filing for bankruptcy protection Wednesday afternoon after stumbling financially when it lost a major lawsuit to a printing company, Baltimore Sun colleague Gus Setementes reports.
Gus writes that Baltimore-based Alter Communications Inc., which also publishes Style and Chesapeake Life magazines and other publications, plans to file Chapter 11 bankruptcy protection in the U.S. District Court of Maryland in Baltimore:
The bankruptcy filing will not affect the company's day-to-day operations for employees, readers and advertisers, the company said. The Jewish Times and the other publications will continue to be published, the company said in a statement."Here's the headline: we're not going anywhere," said Andrew Alter Buerger, president, publisher and chief executive of Alter Communications said. "Our family and our company have been deep in the fabric of this community for five generations, and we are committed to continuing that relationship."
For less than a dollar per week, the Jewish Times has been a fixture for news coverage of the Jewish community in the Baltimore area for years. Maryland residents receive the weekly paper, which averages 120 pages, for an annual subscription of $46.59. The paper is distributed to a readership of more than 50,000, according to its Web site.
