{"id":5159,"date":"2011-12-05T07:49:49","date_gmt":"2011-12-05T12:49:49","guid":{"rendered":"http:\/\/blogs.northcountrypublicradio.org\/inbox\/?p=5159"},"modified":"2011-12-07T12:11:27","modified_gmt":"2011-12-07T17:11:27","slug":"morning-read-gf-post-star-parent-company-files-chapter-11","status":"publish","type":"post","link":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/2011\/12\/05\/morning-read-gf-post-star-parent-company-files-chapter-11\/","title":{"rendered":"Morning Read:  GF Post-Star parent company files Chapter 11"},"content":{"rendered":"<p>One of the North Country&#8217;s most important regional newspapers, the Glens Falls Post Star, announced on Friday that its parent company &#8220;will file for Chapter 11 bankruptcy as part of an effort to secure comprehensive refinancing of its debt.&#8221;<\/p>\n<p>Lee Enterprises, based in Iowa, has struggled to manage hundreds of millions of dollars in borrowing.\u00a0 <a href=\"http:\/\/poststar.com\/news\/local\/lee-enterprises-prepares-to-complete-refinancing\/article_ddf1dfc6-1d3e-11e1-84c1-001871e3ce6c.html\">This from the Post-Star<\/a>:<\/p>\n<blockquote><p>Post-Star Publisher Rick Emanuel said the debt deal will allow the newspaper to continue to serve its readers, vendors and employees as the company repositions itself for the future.<\/p>\n<p>&#8220;The completion of this refinancing agreement will allow us to really move forward with our business,&#8221; Emanuel said. &#8220;We continue to be the largest provider of local news in the counties we serve, and this will not hinder that effort in the least.&#8221;<\/p><\/blockquote>\n<div>The financial struggles of Lee Enterprises <a href=\"http:\/\/mofyc.blogspot.com\/2011\/12\/lipstick-on-pig-lee-enterprises.html\">has drawn significant scrutiny from bloggers here in the North Country, including this on-going series written by Mark Wilson<\/a>.<\/div>\n<div><\/div>\n<div>This comes as newspapers, and newspaper chains, across the US have struggled to adapt to a changing media environment, as more readers shift to on-line sources.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>One of the North Country&#8217;s most important regional newspapers, the Glens Falls Post Star, announced [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[22,10,19],"_links":{"self":[{"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/posts\/5159"}],"collection":[{"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/comments?post=5159"}],"version-history":[{"count":1,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/posts\/5159\/revisions"}],"predecessor-version":[{"id":5162,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/posts\/5159\/revisions\/5162"}],"wp:attachment":[{"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/media?parent=5159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/categories?post=5159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.northcountrypublicradio.org\/inbox\/wp-json\/wp\/v2\/tags?post=5159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}