Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $16,524
20%  
Woo hoo!! And we're now over 20%!! Thank you all very much!! God bless.

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  • Mercury News Owner Files For Chapter 11 Protection (Affiliated Media,parent co. w/54 dailyrags)

    01/22/2010 8:28:21 PM PST · by NormsRevenge · 24 replies · 730+ views
    CBS5.com ^ | 1/22/10 | CBS 5 / AP
    SAN JOSE (CBS 5 / AP) ― The holding company for newspaper publisher MediaNews Group filed for Chapter 11 protection Friday and expects to emerge from bankruptcy in a month or two. Affiliated Media Inc., the privately held parent company for the owner of 54 daily newspapers including the San Jose Mercury News, Oakland Tribune, Contra Costa Times and Marin Independent Journal, had said Jan. 15 it would be making the move. The company said it had a deal with creditors that will cut its debt to $165 million from $930 million. Lenders led by Bank of America would get...