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Medianews

MediaNews’ Parent Company Does File For Ch 11; Out in Month or Two

Jan 22, 2010 7:21 PM

Affiliated Media, the holding company for newspaper chain MediaNews Group, has filed for Chapter 11 bankruptcy protection, as it announced last week. This is a pre-packaged bankruptcy, meaning its lenders are all in agreement, and will reduce the $930 million debt to a more manageable $165 million. None of the…

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Posted In: Media & Publishing, Newspapers, Money, Bankruptcy, dean singleton, medianews

MediaNews Group’s Holding Company Restructures Debt; Singleton Retains Control

Jan 15, 2010 10:31 PM

Add William Dean Singleton to the roster of newspaper publishers using bankruptcy court to get out of an over-leveraged financial mess. Affiliated Media, the holding company for MediaNews Group, announced late Friday that it will fill “soon” for prepackaged bankruptcy. Its lenders have approved a Chapter 11 filing to reduce…

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Posted In: Media & Publishing, Newspapers, Money, Bankruptcy, dean singleton, medianews

Interview: MediaNews’ Singleton On What’s Ailing Newspapers: It’s The Economy, Not The Internet

Sep 30, 2008 2:13 AM

It’s been a rough few years for the newspaper business. With the migration of readers and advertisers from print to online, and then the past year’s economic downturn and market meltdown this month, it’s hard to figure out where the fixes are going to come from. William Dean Singleton, CEO…

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Posted In: Advertising, Media & Publishing, Newspapers, Companies, MediaNews, Yahoo, medianews, william dean singleton

MediaNews and Hearst Buy Majority in Classifieds Site Kaango For $20 Million

Nov 14, 2007 8:36 PM

This was buried in newspaper conglom MediaNews‘s 10-Q filed earlier today with SEC: the newspaper group, along with The Hearst Corp., has bought 80 percent of online classifieds and software firm Kaango, for about $20 million. Kaango will be held by a newly formed LLC, which is 50 percent owned…

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Posted In: Companies, Hearst, MediaNews, kaango, medianews

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