All the assets of the publisher of the Baltimore Jewish Times, which has operated under bankruptcy protection for nearly two years, will be auctioned April 2 at attorney offices in downtown Baltimore, according to a court order filed Friday. A federal bankruptcy court judge last week appointed a United States Trustee to run Alter Communications Inc., as the company's finances worsened. The family-run company has published the Times for nearly a century, and also publishes Style magazine.
Two companies have made offers for Alter: the owners of Washington Jewish Week offered $378,000; and a group led by Scott Rifkin of Owings Mills offered $440,000. As many as five companies may bid on Alter's assets at the auction, according to the trustee, Zvi Guttman. The auction begins 9:30 a.m. at the law office of Tydings and Rosenberg, 100 E. Pratt Street, 26th floor, in downtown Baltimore.