BALTIMORE (AP) -- A court has approved the bankruptcy reorganization plan of Dolan Co., a business and legal publisher that is the parent company of The Daily Record in Baltimore.
The Daily Record reported (http://bit.ly/1kejKXc) Monday that ownership of Dolan has been given to its lenders. Bayside Capital Inc. is now the majority owner.
The Minneapolis-based company publishes business and legal journals in 19 U.S. markets.
Dolan listed assets of $236.3 million and debt of $185.9 million as of Sept. 30 in Chapter 11 documents filed in March in U.S. Bankruptcy Court in Wilmington, Delaware.
In Minnesota, Dolan publishes Finance and Commerce and the St. Paul Legal Ledger. In Idaho, the company publishes the Idaho Business Review.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.