The new owners of the Medford Mail Tribune and Ashland Daily Tidings plan to restructure debt through bankruptcy. But the two Oregon papers won't be part of the deal.
The Mail Tribune reports that the investment group behind GateHouse Media could file a Chapter 11 bankruptcy for the media organization by September 11.
Fortress Investment Group purchased the Southern Oregon papers Tuesday as part of an $87 million deal. The papers were subsequently put under the management of GateHouse.
A Fortress Investment spokesman said restructuring GateHouse's debt should take about two months, but won't affect the Mail Tribune or Daily Tidings.
This story originally appeared on Oregon Public Broadcasting.