Brown Publishing bids $15.3 million for assets

CINCINNATI – The owners and executives of Cincinnati-based The Brown Publishing Co. and its subsidiaries, which filed for Chapter 11 bankruptcy protection on April 30, have formed a new company to bid on the companies’ assets.

Roy Brown, Joel Dempsey and Joseph Ellingham formed Brown Media Corp. to bid $15.3 million on the 109 publications and websites, which are saddled with about $94 million in debt.

Brown Media Holdings purchased Boulder Business Information Inc., which holds a 51 percent stake in Northern Colorado Business Report Inc., in February 2008. BBI is one of 15 Brown entities that filed for bankruptcy protection.

Under Chapter…