Media: $1 billion in debt, GateHouse gets its credit squeezed
Struggling newspaper publisher Gatehouse Media Inc. has had its lines of credit reduced by $35 million through an amended loan agreement with its lenders.
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As of Sept. 30, Gatehouse had roughly $1 billion in debt on its books.
GateHouse owns the Peoria Journal Star, the Peoria Times-Observer and many other daily and weekly newspapers in the Peoria area.
Hat tip: Turner report.
