Baltimore Jewish Times bankruptcy auction set

Publisher will be auctioned April 2 to a new owner

March 23, 2012|By Gus G. Sentementes, The Baltimore Sun

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.

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