Gatehouse Media announces it will close 10 weekly newspapers
Action comes two months after newspaper chain declared Chapter 11 bankruptcy
Two PE owned newspaper chain Gatehouse Media announced on Tuesday that it would closing 10 weekly newspapers in Massachusetts next month.
The chain had previously declared Chapter 11 bankruptcy and earlier this month announced layoffs at several of its newspaper properties.
Gatehouse Media’s majority investor is Fortress Investment LLC.
Last week the company reported a $130 million loss in its latest quarter, as well as continued revenue declines.