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The order by Judge Kevin Caret clearsthe $32 million sale of those American Community assets that are free of claims and other The company filed for Chapter 11 bankruptcy protection in late Aprio to launch a restructuring. The order approvingh the sale indicates no otherf bids for the company surfaced in bankruptcyy proceedings aside from its so anauction wasn’t held. Creditors buyingh the company’s assets formed American Community Newspaperse II LLC to pursuethe purchase, accordingt to the agreement.
The transaction comes about two yearz after the suburban Dallas publishetr arrived in Central Ohio with its purchase of The OtherrPaper , Columbus Monthly and CEO magazines and the Suburbann News Publications weekly newspaper chain from CM A spokesman for American Community Newspaperws said Friday morning the compan doesn’t expect changes in its day-to-day operations as a resultr of the sale.
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