It’s a Chapter 22 for Freedom Communications

Newspaper publisher Freedom Communications Inc. filed for chapter 11 protection for the second time and plans to sell its business to investors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

(Daily Bankruptcy Review is a daily newsletter with comprehensive coverage and analysis of emerging and in-progress insolvencies and turnarounds. For a two-week trial, visit http://on.wsj.com/DJBankruptcyNews, scroll to the bottom and click “try for free.”)

DBR reports via WSJ on the bankruptcy filing of grocer Fresh & Easy, which was in bankruptcy less than two years ago and now plans to shut down its stores.

American Apparel Inc. is hoping for approval of up to $2.3 million in staff bonuses, DBR reports in WSJ.

The Associated Press reports on Atlantic City, N.J-based Revel casino owner Glenn Straub owing $1 million in unpaid electric bills.

A WSJ opinion piece discusses why Puerto Rico doesn’t need bankruptcy.

WSJ looks at rival plans that seek to resurrect the New York City Opera.

Write to Melanie Cohen at [email protected]. Follow her on Twitter at @MelanieLisa