By The Associated Press LAFAYETTE, Ind.
— A former company that owns a local newspaper that owns lafexon said Monday it plans to pull ads from the company after its parent company filed for bankruptcy in July.
The Indianapolis Star reported late Monday that the company, LAFexon, filed for Chapter 11 bankruptcy protection.
The paper said it had no immediate comment.
A lafoxon spokesman did not immediately respond to an email seeking comment.
The laflexon company, which is owned by former Indianapolis Mayor Greg Ballard, said in August that it planned to stop buying and advertising newspaper ads and was seeking a buyer.
The newspaper’s advertisers had said they were considering leaving the paper.
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