This is a public record generated listing.

Publishing Company in Georgia

Please note that this listing has expired. To view active listings, please subscribe to one of our plans.
Add to Dashboard

Listing Information

Attachments

Publishing Company in Georgia



Minimum Price: $1,100,000.00


Other Item Info
Item #: ganbke_949287
Created: 10/25/2014
Category: Business Property > All Assets or Going Concerns > General Industrials
Sale Location: Carrollton, Georgia
Sale Date: Thu. Jan 15, 2015
Primary Office Location: 303-315 East Sixth Avenue, Rome, GA
Seller Info
J. Nevin Smith
Debtor's Attorney
402 Newnan Street
Carrollton, Georgia 30117
(770) 834-1160
Bankruptcy Info
Case #: 4:13-bk-40002
Case Title: News Publishing Company
Court: Georgia Northern Bankruptcy Court
Chapter: 11
View Case Docket

See More Documents

Description

Sale of all the Assets of News Publishing Company including all assets, properties and rights relating to, or used or held for use in connection with, or otherwise related to, the Business, directly or indirectly, in whole or in part, of every type and description, real, personal or mixed, tangible and intangible (including goodwill), wherever located and whether or not reflected on the books of Seller.

The Sale Assets related to business described as: (i) Publications; (ii) Inventories; (iii) Circulation Information; (iv) Copyrights; (v) Advertising Materials; (vi) Advertising and other Revenue Generating Agreements; (vii) Personal Property of Business: (viii) Real Property Leases; (ix) Contracts; (x) Books and Records; (xi) Software; (xii) Claims; (xiii) Goodwill; (xiv) Insurance Claims and Proceeds; (xv) Trademarks; (xvi) Subscriber Information; (xvii) Prepaid Expenses; (xviii) Other Intellectual Property; (xix) Warranties; (xx) Non-debtor Subsidiary; and (xxi) Telephone Numbers. These Assets are more described in "Transfer of Assets" on Page 48 on the attached PDF.

News Publishing Company is a privately held community news and information corporation, organized under the laws of the State of Georgia. The Company currently publishes one (1) paid daily paper, four (4) paid weekly newspapers, five (5) free weekly shoppers, two (2) niche publications and one (1) website located in urban, suburban and rural markets. Cherokee Publishing Company, Inc., an Alabama corporation (“Cherokee”), is a wholly owned subsidiary of the Company. Cherokee currently publishes one (1) paid daily paper and one (1) free weekly shopper. The Company also operates a substantial commercial printing operation. News Publishing Company and Cherokee’s publications, websites and printing businesses (collectively, the “Business”) are a fully-functional going concern that provides services to meet the needs of their customers. The Company operates the Business from its  principal offices at 303-315 East Sixth Avenue, Rome, Georgia.


Sale Location

Javascript is required to view this map.
402 Newnan Street
Carrollton, GA, 30117

Additional Details

Auction Time: 10:00 a.m.

Bid Amount : Higher than $1,100,000.00 (Purchase Price), Break-Up Fee plus at least $75,000 for the initial bid
Good Faith Deposit: 5% of the proposed purchase price
Minimum Bid Increments: $50,000

Bid Deadline: 3 business days prior to the Auction
Auction Date - January 15, 2015

Last date to respond - November 25, 2014 at 4:00 p.m.



Other Information

Terms and Conditions:

See attached.


Subscribe to our free newsletters

* indicates required
Send me information about...
Choose the CaseFolder where you want to see this Deal, or create a new CaseFolder Lite.