SD Headliner Emerges From Bankruptcy, Relocates To Smaller Office In Mira Mesa

by staff on September 10, 2009

SD Headliner secures prime commercial real estate in Mira Mesa

SD Headliner secures prime commercial real estate in Mira Mesa

MIRA MESA — Today SD Headliner announced that it has successfully emerged from Chapter 11 Bankruptcy as a newly private company, thus eliminating approximately $25 million in debt.

This summer the company was forced to transition from its historic 32-story downtown skyrise to a 300-square-foot office space in Mira Mesa. The new office is nestled in between Pho Ca Yu and Pho Ca Yu Express — two popular eateries which Zagat has ranked as Mira Mesa’s 53rd and 56th best Vietnamese restaurants.

“I feel good about the reorg,” said newly appointed CEO Dan Winston.  “I’m confident that we can still produce high quality news articles despite the fact that we fired 96% of our work force.”

Winston went on to state that the company was supposed to begin publishing new articles on September 1st, but the Time Warner Cable guy never showed up to install internet service.

“We’ve been leeching WiFi from Pho Ca Yu Express this past week,” said Winston. “To make matters worse their router keeps resetting, making it extremely difficult to post new content.”

Union Tribune Displenser

Disgruntled Union Tribune Employee

SD Headliner is just one of several major San Diego news sources to make sacrifices in order to withstand the current recession.  The North County Times was recently forced to sell their office building and relocate to less-desirable South County to cut costs. Union Tribune employees recently took a drastic pay cut, and many of their disgruntled employees are now living in abandoned newspaper dispensers.

{ 1 comment }

San Deigo Bankruptcy Attorney November 18, 2009 at 12:30 am

The bankruptcy attorney job is not as simple as one may think; there are precautions and procedures that have to be followed strictly by the book in order to get to finally announce a business or person as being bankrupt. Litigation may take many months also, and this is an extremely frightening time for people who are in this scenario. The biggest problem if you are ever asserted broke, is that you are going to not be ready to get credit anywhere for anything. The laws per credit have tightened so much just thanks to the world liquidity crisis alone.

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