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Saturday, January 16, 2010

MediaNews Holding Company files bankruptcy

WSJ.com: "The holding company of MediaNews Group Inc., the publisher of dozens of newspapers including the Denver Post and San Jose Mercury News, said Friday that it plans to seek bankruptcy protection,...People in the industry have pointed to MediaNews's paper in St. Paul and the Star Tribune in Minneapolis as potential candidates for a combination,...
  • Hearst Corp., the owner of magazines and newspapers, has at least $400 million in equity and debt tied to MediaNews, and the investment will be wiped out by the bankruptcy filing, according to people familiar with the matter."...via Poynter.org/Romenesko

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