Biz: A shoutout to our friends at the bankrupt Morris Publishing Group
- Our history Before we worked on ShortFormBlog, we worked at this great little publication called Bluffton Today (disclosure: we started this Wikipedia article), a pretty innovative small-town newspaper. The owner, Morris Publishing Group, has been very supportive of the idea, despite their recent financial struggles.
- Their troubles Morris, another victim of the recession, had to file for Chapter 11 bankruptcy protection Tuesday. It’s a reorganization of debt – one that reportedly takes $278.5 million off the table – that they say will not affect their papers, employees or advertisers. They’d still remain on the hook for about $100 million in debt.
- fingers crossed While it’s likely Morris will survive this change in their corporate standing mostly unscathed, we do worry about Morris missing opportunities to do innovative things like Bluffton Today – or with their larger publications in Jacksonville, Fla. or Augusta, Ga. We have our fingers crossed for them – and our friends. source