Skip to comments.Denver Post owner plans prepackaged Ch. 11 filing
Posted on 01/15/2010 8:09:54 PM PST by george76
Owner of Denver Post, Salt Lake Tribune plans prepackaged Chapter 11 bankruptcy filing.
Affiliated Media Inc., the holding company for the MediaNews Group family of newspapers that includes The Denver Post, said Friday that it plans to file for Chapter 11 bankruptcy protection.
The company said it would file a "prepackaged" plan already approved by lenders, which should allow it to emerge from bankruptcy more quickly.
Under the plan, company debt would fall from about $930 million to $165 million. Senior lenders would swap debt for stock.
Earlier this week, Morris Publishing Group, owner of 13 daily newspapers including the Florida Times-Union of Jacksonville, also said it would file a prepackaged plan in federal bankruptcy court.
(Excerpt) Read more at finance.yahoo.com ...
Morris Pub Group?
Dick Morris owns 13 papers going bankrupt?
Hint: there is more than one person named Morris in this country. The publishing group is headed by William Morris (and no, not the 19th century textile designer.)
As I like to say...
Die you egg sucking pigs!
I’d rather read “The Fence Post” than the Denver Post.
Hell, I’d rather read The Westword.
You're glad that they were able to negotiate a deal to recover?
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