GateHouse Media Inc., the community newspaper publisher overseen by the co-chairman of Fortress Investment Group LLC, filed for bankruptcy after creditors approved a plan to combine its assets with those recently purchased by Newcastle Investment Corp., Bloomberg News reported on Friday. GateHouse, based in Fairport, N.Y., listed assets of $433.7 million and debt of $1.3 billion in a chapter 11 petition filed on Friday. The prepackaged restructuring plan hinges on the combination of GateHouse with assets of Dow Jones Local Media Group, which Newcastle bought from News Corp. this month for $87 million.
