The corporate owner of the East Valley Tribune newspaper plans to declare bankruptcy this week, according to a report posted online today by the Wall Street Journal.
The move by Freedom Communications, the media chain headquartered in Irvine, Calif., would be the latest blow to the newspaper industry in Arizona, which already this year has seen the shutdown of the state’s oldest newspaper and the layoffs of more than 300 workers.
It is unclear what effect the bankruptcy will have on the company’s news outlets here in the state, which, beyond the Mesa-based Tribune, also include the Ahwatukee Foothills News in Phoenix and the Yuma Sun. The company owns more than 100 newspapers and television stations nationwide.