The parent company of the Topeka Capital Journal is experiencing some financial trouble.
The newspaper reports Monday that Morris publishing group LLC avoided a loan default after banks gave the company until March 3rd for an interest payment, that had been due February 1st.
Morris owes a $9.7 million interest payment.
Morris owns 13 daily newspapers including the Capital Journal. Morris' broadcasting division owns 33 radio stations, including WIBW radio.