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RECENT NEWS Part one of an iPad series Nine questions on the tablet and the news industry future The countdown clocks are winding down. The iPad is almost here. THE big question: Can news companies rise to this occasion, taking advantage of the new platform that will plainly be popular with audiences trained by the iPhone, their appetites whetted. Papers exiting bankruptcy dump 75% of debt The four newspaper companies that have exited bankruptcy to date have shed three-quarters of their of debt, collectively trimming nearly $2 billion in burdensome obligations. Singleton's MediaNews Group emerges from bankruptcy MediaNews Group's holding company said Friday it is out of Chapter 11 bankruptcy protection. On Jan. 22, the parent of The Denver Post and 53 other dailies filed a so-called prepackaged bankruptcy that had been approved in advance by its lenders. Pioneer Press overlords emerge from bankruptcy with nice payday In a blistering six weeks, Denver-based Affiliated Media -- the holding company for MediaNews Group, which owns the Pioneer Press -- has emerged from Chapter 11 bankruptcy. MediaNews Group holding company cleared to exit bankruptcy A U.S. Bankruptcy Court judge approved Affiliated Media Inc.'s prepackaged reorganization plan Thursday, clearing the way for the MediaNews Group holding company to emerge from Chapter 11 protection. MEDIANEWS BANKRUPTCY Affiliated Media responds to objection, says Chapter 11 delay would hurt business Any delay in confirming the bankruptcy plan of Affiliated Media Inc. -- parent of Denver Post publisher MediaNews Group Inc. -- will hurt the company's business, its chief financial officer warned in a court filing.
Zippy the Pinhead axed -- along with 21 other Denver Post comics Nothing fires up newspaper readers like changes to the comics section. That's something former Rocky Mountain News editor John Temple acknowledged in "The Funnies Aren't Funny Anymore," our 2007 state-of-the-art critique. More objections filed in MediaNews Group parent's bankruptcy case Two more objections were filed Monday in U.S. Bankruptcy Court in connection with the pre-packaged reorganization plan offered by Affiliated Media Inc., parent of Denver-based newspaper chain MediaNews Group Inc. MediaNews plans new content, expects more traffic after pay walls There are two provocative elements to MediaNews' paid content plan, which will be tested at two sites, the York Daily Record in Pennsylvania and the Enterprise-Record in Chico, Calif., in April or May: Ken Doctor's 'Newsonomics,' a Fitz & Jen book review Hey Fitz, I remember back in school when I had to "read" books about the economic structures of news organizations. I use the verb read loosely since I could barely keep my peepers open. These books, which shall renamed unnamed, were dry wonky affairs that failed to connect the dots between the production of news and the money machine that kept the whole thing going. Or maybe they did and I just never could get around to fully reading the bores. MediaNews Group reportedly worried its phones will be shut off In its reporting about the impending bankruptcy filing by Affiliated Media, the holding company of MediaNews Group, its owner, the Denver Post left the B-word out of the headline -- and its published version of an Associated Press story about the filing left out intriguing info included by other papers, including details of MediaNews boss Dean Singleton's salary. Next for MediaNews: Rolling up ailing dailies Ailing newspapers in Detroit, Minneapolis-St. Paul and San Francisco eventually could shrink or shut down after MediaNews Group emerges from bankruptcy. The prospect of future seismic shifts in the newspaper industry from Salt Lake City to York, PA, were signaled last week when Affiliated Media, the parent of MediaNews, filed for bankruptcy to eliminate all but $165 million of its $930 million in debt.
A blog published last week noted that the Denver Post had managed to report about an impending bankruptcy filing by the holding company of its parent firm, MediaNews Group, without using the word "bankruptcy" in the headline -- a neat example of spin. Pioneer Press union makes concessions; no layoffs Members of the Newspaper Guild at the St. Paul Pioneer Press voted Friday to go down to a 37.5-hour work week and take an unpaid week of furlough in exchange for a no-layoff agreement. MediaNews Group makes it official: Files 'prepackaged' bankruptcy NEW YORK 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 The Denver Post, San Jose Mercury News and 52 other daily newspapers, had said Jan. 15 it would be making the move. It said it had a deal with creditors that will cut its debt to $165 million from $930 million. Pioneer Press the only MediaNews paper losing money When Pioneer Press holding company Affiliated Media announced a pre-packaged bankruptcy Friday, the press release noted that of its 54 dailies and more than 100 non-dailies, "all but one of our newspapers is profitable." Turns out the unprofitable one is the Pioneer Press. MediaNews, bankruptcy and the fog of media war Who will be next? And is the mating of banko companies the look of the next year? Dean Singleton bit the bitter bullet last week. After staving off bankruptcy for all of 2009, telling MediaNews execs that the company would not need to take that route, the company succumbed. MediaNews is following Morris into bankruptcy, both taking the neater, pre-packaged route, allowing quicker movement through the courts and, importantly, a continuity of leadership. Singleton's next chapter: Can he steer MediaNews to a digital future? In August 2006, as part of a deal that netted MediaNews Group the Contra Costa Times, San Jose Mercury News, and the St. Paul Pioneer Press, the Hearst Corporation agreed to make a $300 million equity investment in MediaNews. At that point, the peak of MediaNews' company's expansion and with revenue and cash flow at an all-time high, the holdings of the principal stockholders -- the Singleton and Scudder families -- net of debt, were arguably worth more than $500 million each. Singleton, Lodovic to control MediaNews after 'prepackaged' chapter 11 filing Lenders to MediaNews Group, the nation's second-biggest chain of newspapers, will get the great majority of its equity but not control of the company when its holding company files a prepackaged Chapter 11 bankruptcy reorganization. Chapter 11 bankruptcy pact lets Singleton cut debt Affiliated Media Inc., the holding company for MediaNews Group, and its lenders have agreed on a plan to restructure $930 million in debt, the Denver-based company announced Friday. The agreement swaps debt for equity, retains the current management team and excludes all of the company's media properties. Guild to seek voice in MediaNews debt plan National coalition retains legal counsel A national coalition of Guild units representing MediaNews workers in California, Minnesota, Colorado and Michigan gathered Saturday in San Francisco issued a statement about the MediaNews Group's announced debt reorganization and planned bankruptcy filing. The Guild said legal counsel is working to ensure employees are represented in the process, adding that the union intends a constructive approach. Tentative deal: Pioneer Press workers trade pay cuts for layoff ban With the major proviso that workers have not approved anything yet, the Pioneer Press Newspaper Guild announced a tentative agreement trading pay and hours cuts for a no-layoff pledge through January 2011. MediaNews holding company to seek bankruptcy protection 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, the latest in a string of troubled newspaper companies to seek refuge from creditors amid unsustainable debt loads.
A journalistic whirlwind passes into the night There she stood. This woman of small stature and enormous spirit, atop one of the Saint Paul Pioneer Press metro desks. Yes, literally, on the desk. |
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