Posts Tagged ‘Liberal Media’
The owner of the Denver Post, another liberal newspaper with dwindling circulation and advertising revenue, plans to file Chapter 11 bankruptcy protection.
From Yahoo! Finance:
DENVER (AP) — The holding company for MediaNews Group Inc. newspapers, including The Denver Post and San Jose Mercury News, says it plans to file for Chapter 11 bankruptcy protection.
Affiliated Media Inc. said Friday it would file a “prepackaged” plan already approved by lenders, which should allow it to emerge from bankruptcy more quickly.
It would be at least the 13th bankruptcy filing by a U.S. newspaper publisher in the past 13 months. The owners of dozens of newspapers have been pushed into bankruptcy protection as the recession and competition from the Internet have sapped advertising revenue.
View the entire article here.