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Middleton, MA’s IdeaArc still in business despite Bankruptcy April 15, 2009

Posted by HubTechInsider in Uncategorized.
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Idearc Media publishes more than 130 million phone books a year that let your fingers do the walking, but lately, things have not been a snap for the company.

On March 31, the publisher of Verizon White and Yellow Pages phone books — and one of the North Shore’s larger employers — filed for bankruptcy in an effort to reduce its debt. The company said it reached an agreement in principle with its agent bank and a group of secured lenders to reduce its debt from $9 billion to $3 billion.

For more information on IdeaArc and it’s struggles up on the North Shore, click here.

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