Newly-Formed Newspaper Company Now ‘Less Leveraged’ After Consolidation

Posted Monday, September 17, 2012 12:52 am

By: Michael Wursthorn | The Wall Street Journal

Versa Capital Management’s combination of its four newspaper companies has created a 1,650-person media company on more sound financial footing together than it had apart, said Michael Bush, the newly-named chief executive of Civitas Media LLC.

New York-based Versa said on Wednesday that it was consolidating its media holdings, including Freedom Central, Heartland Publications, Impressions Media, and Ohio Community Media, into one company called Civitas.

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Newly-Formed Newspaper Company Now ‘Less Leveraged’ After Consolidation

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