The Reading Eagle Company (Pennsylvania
The company filed for Chapter 11 bankruptcy
protection last week.
A motion filed in U.S. Bankruptcy Court says
the company aims to get a loan from BWH Media, a subsidiary of Reading Eagle
Company President and CEO Peter D. Barbey's Black Walnut Holdings. The company
owes BWH around $17 million, the paper says. BWH is the
media firm’s biggest creditor.
The company says it needs the loan to keep
running, the motion says, according to the paper.
The Reading Eagle Company includes the Reading
Eagle, WEEU 830 AM, the South Schuylkill News, Pretzel City Productions and its
commercial printing subsidiary REP. The media company has 236 full-time workers
and 20 part-time.
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