GateHouse filing bankruptcy, Bloomberg News says

PEORIA -- GateHouse Media, Inc., owner of the Peoria Journal Star and most other downstate newspapers, except for the Bloomington Pantagraph, will file for bankruptcy, Bloomberg News says.

http://www.bloomberg.com/news/2013-09-04/fortress-to-create-new-media-with-newcastle-assets.html

But the story hints that the hedge fund types still have it all sewed up.  They've apparently looted all they can under the present structure, so they're setting up another structure, to keep sending the abundant ad money to Wall Street from the cities and towns of Illinois and other communities.

Stay tuned.

 -- Elaine Hopkins