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Black Press Ltd., owner of the Everett Herald’s parent company, Sound Publishing, is seeking a sale to new ownership as part of a corporate restructuring transaction, Black Press announced Jan. 15 and reported in the Lynnwood Times. That day Black Press obtained an Initial Order from the Supreme Court of British Columbia in Vancouver.

The ownership group would include Canadian institutional investors Canso Investment Counsel, Deans Knight Capital Management and Carpenter Media Group, the Times reports.

Carpenter has operations in Texas, Louisiana, Mississippi, Tennessee, Georgia, North Carolina, Virginia and Kentucky.

Black Press is filing Chapter 15 of Title 11 of the United States Code in the United States Bankruptcy Court for the District of Delaware, it stated in its press release.

Black Press publishes 150 daily and weekly newspapers, magazines and websites in Canada and the United States. Sound Publishing has more than 30 titles and associated websites in the Puget Sound region.

The Everett Herald is Black Press Media’s largest Washington state publication with a circulation between 21,000 to 24,000.