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Court approves Dolan reorganization plan

Dolan Company logoA court has approved the bankruptcy reorganization plan of Dolan Co., a business and legal publisher that is the parent company of the Arizona Capitol Times.

Bayside Capital Inc., a private investment firm with more than $15 billion of equity capital under management, is now the majority owner.

Founded in 1992 and privately owned for 15 years, The Dolan Company went public in 2007. The Minneapolis-based company publishes business and legal journals in 19 U.S. markets.

Dolan listed assets of $236.3 million and debt of $185.9 million as of Sept. 30 in Chapter 11 documents filed in March in U.S. Bankruptcy Court in Wilmington, Del.

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