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.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: