A 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.