GateHouse Media Inc. has emerged from a pre-packaged chapter 11 bankruptcy, the Quincy (Mass.) Patriot Ledger reported today. GateHouse filed for chapter 11 on Sept. 27 with the unanimous support of its lenders to restructure $1.2 billion of debt that was scheduled to come due in August 2014. GateHouse is now owned by New Media Investment Group Inc. and is under common ownership with Local Media Group, the newspaper group that operates eight daily community newspapers and 13 weeklies. GateHouse, headquartered in Fairport, N.Y., is one of the largest publishers of locally based print and online media in the United States as measured by its 78 daily publications.
