Publisher Morris Gets Another Extension to Make $10 Million Payment

Morris Publishing GroupThe struggling Morris Publishing Group (AUGUSTA, SAVANNAH, GO!)  Announced last week that it now has until July 31 to make the $9.7 million payment that was originally due February 1.  It was its eighth extension on a loan totaling $419 million.

In addition to magazines, the Augusta, GA-based publisher owns and operates 13 daily newspapers as well as nondaily newspapers and free community publications.  In the first quarter ended March 31, Morris Publishing lost $13 million compared to a $6 million profit in the first quarter of 2008.

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