2 ▁million ▁on ▁C ox ' s ▁interest ▁in ▁the ▁paper . ▁New sp aper ▁management ▁announced ▁in ▁April ▁ 2 0 0 8 ▁that ▁the ▁newspaper ▁would ▁be ▁sold ▁in ▁order ▁to ▁satisfy ▁the ▁judgment . ▁On ▁April ▁ 1 7 , ▁ 2 0 0 9 , ▁the ▁News - J ournal ▁announced ▁its ▁intention ▁to ▁declare ▁bank rupt cy , ▁but ▁the ▁judge ▁over see ing ▁the ▁case ▁rejected ▁that ▁option . ▁The ▁board ▁of ▁direct ors ▁was ▁subsequently ▁removed ▁and ▁the ▁company ▁was ▁placed ▁under ▁court ▁control , ▁with ▁James ▁Hop son ▁serving ▁as ▁the ▁court - app oint ed ▁manager . ▁ ▁New ▁ownership ▁Hal if ax ▁Media ▁Hold ings ▁purchased ▁the ▁News - J ournal ▁on ▁March ▁ 1 , ▁ 2 0 1 0 ▁for ▁$ 2 0 ▁million ▁and ▁assumed ▁control ▁on ▁April ▁ 1 , ▁ 2 0 1 0 . ▁Michael ▁Red ding , ▁Hal if ax ▁Media ' s ▁CE O ▁and ▁a ▁former ▁News - J ournal ▁department ▁manager , ▁wel com ed ▁Bill ▁Off ill ▁as ▁publish er ▁of ▁the ▁paper ▁on ▁July ▁ 2 9 , ▁ 2 0 1 3 . ▁ ▁Hal if ax ▁Media ▁became ▁the ▁ 1 2 th ▁largest ▁media ▁company ▁in ▁the ▁U . S ., ▁publishing ▁ 3 3 ▁newsp apers ▁and ▁affili ated ▁websites ▁in ▁five ▁states , ▁mostly ▁in ▁the ▁S out heast . ▁The ▁company ▁was ▁owned ▁by ▁a ▁group ▁of ▁invest ors , ▁including ▁Steph ens ▁Capital ▁Part