Current Newspapers announces reorganization

Matthew Gilmore's picture
Current Newspapers announces reorganization
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https://currentnewspapers.com/current-newspapers-announces-reorganization/

Dear Readers and Friends of the Current Newspapers,

As we begin the New Year, we wanted to let you all know, in the interest of stabilizing the company, The Current’s Board of Directors has decided to file for Chapter 11 reorganization. This reorganization will allow us to continue to do business as we have for the past 50 years while we restructure the financial foundation of the company.

In addition, a new Current Newspaper Company will be established under new management that will operate as before, but with a new operating plan that will maintain our local news focus, while expanding our print and digital coverage of local events, sports and the Northwest lifestyle.

 

We bring this to your attention in order to set the record straight about our situation and because we greatly value our relationship with you as readers and clients of the Current Newspapers. We are committed to maintaining your trust, and, hopefully, your business as we restructure and improve our internal systems, circulation and our print and online products.

In summary, we can assure you that we will continue to publish the finest local community newspapers in the D.C. Metro area, and we will continue to deliver to our advertisers the affluent, involved and responsive readership we always have.

Sincerely,

Management of the Current Newspapers