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Denver Post owner plans prepackaged Ch. 11 filing
AP ^ | January 15, 2010

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 ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; News/Current Events; US: Colorado; US: Florida; US: Utah
KEYWORDS: affiliatedmedia; bankruptcy; chapter11; compost; denver; denverpost; dinosaur; economy; media; morris; morrispublishing; msm; muslim; newspapers; obama; oldmedia; post; saltlake; saltlaketribune; tribune

1 posted on 01/15/2010 8:09:55 PM PST by george76
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To: abb

ping.


2 posted on 01/15/2010 8:11:23 PM PST by Jet Jaguar
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To: george76

Good news


3 posted on 01/15/2010 8:20:35 PM PST by bwc2221
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To: george76

Morris Pub Group?

Dick Morris owns 13 papers going bankrupt?

Wow.


4 posted on 01/15/2010 8:37:28 PM PST by DontTreadOnMe2009 (So stop treading on me already!)
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To: DontTreadOnMe2009

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.)


5 posted on 01/15/2010 8:46:39 PM PST by La Lydia
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To: La Lydia

As I like to say...

Die you egg sucking pigs!


6 posted on 01/15/2010 9:13:16 PM PST by Wally_Kalbacken
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To: george76

I’d rather read “The Fence Post” than the Denver Post.

Hell, I’d rather read The Westword.


7 posted on 01/15/2010 9:22:41 PM PST by SaxxonWoods (Gone Galt and loving it)
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To: george76
 

Fake but Accurate = FAIL, "Journalists"
 
The sooner the Denver Post is Compost, the better.

8 posted on 01/16/2010 9:28:48 AM PST by LomanBill (Animals! The DemocRats blew up the windmill with an Acorn!)
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To: bwc2221
Good news

You're glad that they were able to negotiate a deal to recover?

9 posted on 01/16/2010 3:37:34 PM PST by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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