Bankrupt News Company Wants To Protect Journalists

Following its sale to Digital First Media this spring, the Boston Herald’s former parent company wasn't going bankrupt – until a judge started asking questions about the legal protections for the newspaper’s reporters and editors. The former parent company want to use “content releases” to protect their staff as well. They are also protected by the First Amendment, “Moreover, in the aftermath of an unfavorable court ruling on defamation claims against the Herald several years ago, most insurers were reluctant to issue the paper new indemnity policies, Purcell said.” Overall, “Any coverage of indemnification claims would likely reduce recoveries to unsecured creditor, these are expected to be as low as 11 cents.” [1 image, 1 link, 2 quotes, 112 words]