The corporate introduced the verdict by means of its board of administrators to staff this afternoon.
Written by means of Studying Eagle
Studying Eagle Corporate, the family-owned trade that has revealed the Studying Eagle newspaper for greater than 150 years, is submitting for chapter coverage.
The corporate, which along with the newspaper, contains WEEU 830 AM, the weekly South Schuylkill Information, Pretzel Town Productions and its business printing subsidiary REP, introduced the verdict by means of its board of administrators to staff this afternoon.
The corporate will proceed to post and broadcast underneath bankruptcy 11 chapter laws, whilst it seeks a purchaser to take over the Eagle’s information and broadcasting legacy, corporate officers stated.
For greater than a century you will have taken us into your properties and supported us as we’ve got instructed your tales and reported at the occasions and insurance policies that form your lives, the corporate says in a word to readers. We are hoping you’ll stick with us as we transfer via this era of trade.
At a gathering with staff past due this afternoon, corporate President and CEO Peter D. Barbey stated the corporate is pursuing choices for the longer term with different information media firms. The corporate has 236 full-time staff and 20 part-time.
He applauded staff, lots of whom have spent their careers with the corporate, for his or her determination and paintings that has earned the corporate ratings of state, nationwide and global awards within the final decade, together with a 2018 Newspaper of the 12 months honor from the Pennsylvania NewsMedia Affiliation.
Our staff have labored very exhausting to give a boost to our corporate and our neighborhood, Barbey stated. The kinfolk is extremely thankful.
The corporate retained a media dealer, Dirks, Van Essen, Murray & April, and has met with a number of doable consumers during the last few months. The corporate is hopeful that its place as the highest supplier of native information will draw in a purchaser with the dedication and sources to transport the trade ahead and serve the neighborhood neatly.
Studying Eagle is the only most-used supply of native information and knowledge available in the market amongst all demographics, in keeping with a 2016 Nielsen marketplace survey.
The Studying Eagle has a median day-to-day flow of greater than 37,000 Monday via Friday, and greater than 50,000 on Sunday, in keeping with the corporate. Its significant other web page, readingeagle.com, averages over 600,000 distinctive customers and three.2 million pageviews a month.
The weekly South Schuylkill Information reaches some 2,800 families in southern Schuylkill County. WEEU, a information/communicate station that announces at 830 at the AM dial, has 20,000 watts of energy within the sunlight hours, and six,000 at evening.
The primary Day-to-day Studying Eagle used to be revealed on Jan. 28, 1868 by means of Ritter & Co., a partnership of William S. Ritter and Jesse G. Hawley, husband of Kate E. Ritter. Studying Eagle Corporate used to be included in 1904. The corporate obtained the Studying Occasions in 1940 and WEEU radio in 1946. The Studying Occasions ceased e-newsletter in 2002 and the Studying Eagle changed into the morning newspaper. In 2009, the Studying Eagle started e-newsletter on its new press, a 77,000-square-foot addition to its facility at 345 Penn St., Studying. In 2015, the corporate obtained South Schuylkill Information, a weekly newspaper.
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