Full details at Yahoo! News:
WASHINGTON (AFP) –, owner of the and 30 other US newspapers, is expected to file for bankruptcy protection this week, according to published reports.
The Wall Street Journal and The New York Times quoted unidentified sources as saying that the would lead to Freedom’s lenders taking over the company, which is owned by the Hoiles family.
The Times said the Chapter 11 bankruptcy filing, which protects a company from its creditors while it restructures, could come as early as Tuesday.