Alter Communications, which publishes the Baltimore Jewish Times, is set to emerge from bankruptcy.
A U.S. Bankruptcy judge on Dec. 16 approved the company’s reorganization plan, the Baltimore Business Journal reported. The plan will go into effect late next month, according to the report.
Alter, which puts out the Baltimore Jewish weekly and other publications, filed for Chapter 11 bankruptcy in April.
While under bankruptcy protection, Alter continued to publish the 91-year-old Jewish Times, with a circulation of more than 50,000, and sister publications Style and Chesapeake Life.
“I’m elated,” Andrew Buerger, Alter’s CEO and the Jewish Times’ publisher told the newspaper. “To be able to put this chapter behind us is great for us, our employees, our community, advertisers and readers.”
Since 1996, Alter has sold off Jewish newspapers in Detroit, Atlanta, and Palm Beach and Boca Raton, Fla., as well as Vancouver, British Columbia.