Jewish Times publisher granted bankruptcy extension

Publisher, creditor have until Nov. 25 to develop a reorganization plan that saves the venerable publication

October 19, 2011|By Tricia Bishop, The Baltimore Sun

A federal bankruptcy judge has granted a month-long extension to Alter Communications, which publishes the Baltimore Jewish Times and Style Magazine, and creditor H.G. Roebuck & Sons, to "negotiate their differences and file a joint plan of reorganization," according to a court order filed Wednesday.

U.S. Bankruptcy Judge James F. Schneider previously ordered the entities to develop and present a plan by Oct. 21 to remove Alter from Chapter 11 proceedings, or said he would appoint a trustee to run the business. But Alter asked for an additional 30 days, and Roebuck agreed during a conference call Monday. They now have until Nov. 25.

The two sides, once the publishing and printing halves of a solid partnership, have been feuding for several years, which has led some to fear that the venerable Jewish Times could fold under the pressure. Schneider, who has already rejected two bankruptcy plans submitted by the sides last month, has signaled that he won't approve a proposal unless it ensures the publication's survival.

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