FCC May Open Public-Safety Spectrum Block For Commercial Purposes

topics

Right On Schedule, MediaNews’ Parent Exits Chapter 11

Comments (View)
Text Size: A A
Email
Share

As it promised back in January, Affiliated Media, the holding company for newspaper chain MediaNews Group, has emerged for Chapter 11 bankruptcy protection. The owner of the Denver Post and San Jose Mercury News was able to shrink its debt from a staggering $930 million debt to a more manageable $165 million. That 82.3 percent reduction in its debt, allowed it to end the bankruptcy period. This was a pre-packaged reorg, meaning its lenders are all in agreement. None of the newspapers will be affected, and Dean Singleton will remain chairman and CEO. Release

Related Stories

David Kaplan

@davidaKaplan Mar 19, 2010 6:13 PM ET

Photo: AP Images

Posted In: Media & Publishing, Newspapers, Money, Bankruptcy

latest headlines

monty

Monty isn't making it up. You can also check compete.com the numbers are not too different. Monty is very wise and should not be underestimated.

Patton

I have to respectfully challenge this guy Monty. CommScore does not report companies until they reach over a million uniques. As I understand things, what Monty has written is a contradiction. How could he possibly be quoting CommScore for this web site, when it is too early stage for CommScore to report, at least this month.

Is Monty making this up? Sound like he is.

monty

I read somewhere the chairman gets paid $30K a month. That is more than they bring in, in advertising. What a strange world we live in!!!!!

Jon

it's been 5 minutes and i am STILL laughing…

Jon

I love the gorilla. as in MacGilla…
sorry, I couldn't help it.

monty

The filing claims they are going to reach 3 million unique users a month in the next 12 months. Currently according to Comscore they have less than 96,000.

Clearly the gorilla's are running the show