NEW YORK (JTA) — A U.S. Bankruptcy Court judge approved the sale of a Baltimore Jewish paper for $1.26 million.
Judge Nancy Alquist said Friday that she was "enormously pleased" with the outcome of a bankruptcy auction on Monday in which a group of investors purchased the Baltimore Jewish Times, The Baltimore Sun reported.
In an auction Monday, Route 95 Publications purchased Alter Communications, the publisher of the Baltimore Jewish Times, which was founded in 1919. Alter filed for bankruptcy in 2010.
The new ownership group is an affiliate of the group that owns the Washington Jewish Week.
Louis Mayberg, one of the four investors in Route 95, said that a deposit had already been made and all that remained was to transfer the balance.