MediaNews Group’s purchase of the Reading Eagle Co. (Pennsylvania
MediaNews Group, which does business as
Digital First Media, is purchasing Reading Eagle for $5 million after the
Reading Eagle filed for Chapter 11 protection in March. MediaNews Group was the
only qualified bidder, the paper reports.
MediaNews Group has extended job offers to 125
staff members, and 111 have said yes to the offers, according to the paper.
In mid-June, Reading Eagle Co. had 195 staff
members, officials said, the paper reported. In March, the company had 236
full-time and 20 part-time workers, according to the paper.
A Worker Adjustment Retraining Notification,
or WARN, notice sent to the Pennsylvania state Department of Labor and Industry
said 81 employees would lose their jobs, but the figure is now 84, the company
said, according to the paper.
Reading Eagle Company has the Reading Eagle,
the South Schuylkill News, Pretzel City Productions and its printing subsidiary
REP, and WEEU 830 AM.
Pennsylvania-based Twilight Broadcasting is
buying WEEU's federal broadcasting license and will lease its broadcasting
facility and towers, according to Twilight General Manager Todd Adkins, the
Eagle reported.
Posts
No comments:
Post a Comment