Bloomberg reported Fredericksburg, Virginia’s Free Lance-Star newspaper filed for bankruptcy, saying creditor Sandton Capital Partners LP pressed the company to enter court protection to sell its assets.
According ot the report, Free Lance-Star Publishing Co., which also owns radio stations and websites, listed assets and debt of more than $50 million each in Chapter 11 documents filed in U.S. Bankruptcy Court in Richmond, Virginia.
The Free Lance newspaper was first published in 1885.
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