By March 2, 2018 Read More →

More bids for Gazette-Mail expected, attorney says

By MAX GARLAND

Charleston Gazette-Mail

The Charleston Newspapers building on Virginia Street, in Charleston.
(Gazette-Mail photo by Kenny Kemp)

CHARLESTON, W.Va. — The current bidder for the purchase of the Charleston Gazette-Mail may have some competition as the Tuesday deadline for submitting bids draws closer, an attorney representing the newspaper’s owners said Thursday.

At a creditor’s meeting in Charleston, attorney Brian Audette said the sale of the Gazette-Mail has generated increased interest of late and that entities besides Ogden Newspapers are expected to place competitive bids ahead of the noon Tuesday deadline.

The creditor’s meeting, which allowed the debtor’s creditors to question the debtor under oath, was part of the process in the bankruptcy proceedings for Charleston Newspapers. It owns the Gazette-Mail and filed Chapter 11 bankruptcy on Jan. 30.

Ogden bid $10.911 million to purchase the Gazette-Mail, the highest bid when the paper’s owners filed Chapter 11 bankruptcy.

Read the entire article: https://www.wvgazettemail.com/business/more-bids-for-gazette-mail-expected-attorney-says/article_8963e47a-01b6-52c8-882e-1c3af9061623.html

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