The Dolan Co., the Minneapolis-based owner of the Wisconsin Law Journal, announced Monday that Mark McEachen has been hired as its new chief executive officer.
McEachen will replace Jim Dolan, who resigned in the wake of the company’s Chapter 11 bankruptcy filing earlier this year. The prepackaged bankruptcy lasted 81 days and allowed the company to reduce its debt by about $100 million, to about $50 million.
The Dolan Co. emerged from bankruptcy earlier this month. As a result, Dolan is no longer a public company and is now mostly owned by Bayside Capital Inc., an affiliate of H.I.G. Capital and a private-investment firm with more than $15 billion of equity capital under its management.
McEachen last worked as CEO of Freedom Communications Inc., a California-based newspaper owner. Prior to that he was the CEO of Fabrik Inc., a designer, manufacturer and marketer of online services solutions.
The Dolan Co. owns business journals, legal publications and other niche print and web products in 19 geographic markets.