News Publishing Co., the owner of nine community newspapers mainly located in Georgia, filed for chapter 11 protection on Tuesday, Dow Jones DBR Small Cap reported today. News Publishing has between $1 million and $10 million worth of assets and between $1 million and $10 million in debts, according to court documents. The largest debt listed in News Publishing's petition is a $4.04 million loan, originally issued by Wachovia Bank and now owned by Northwest Georgia Capital LLC.
