Thursday, December 11, 2008

MediaNews Downgraded

Posted By on Thu, Dec 11, 2008 at 7:05 PM

... to a "substantial risk of default," says Moody's Investors Services. The company has a debt of close to $1 billion.

But the Times-Standard's parent corporation bristles at Editor & Publisher's musings to the effect that the massive American newspaper super-chain could be headed toward bankruptcy, following the Tribune Co.'s trailblazing path down that road earlier in the week.

On the plus side, MediaNews honcho Big Dean Singleton has apparently backed away from the idea of outsourcing some editorial operations to India.

  • Pin It
  • Favorite
  • Email

Tags: ,


Showing 1-1 of 1

Add a comment

Subscribe to this thread:
Showing 1-1 of 1

Add a comment

Readers also liked…

About The Author

Hank Sims

more from the author

  • Cache Flow Problems

    Malfunction at cable Internet provider leads to stale Web pages, private information exposed
    • Feb 3, 2011
  • Hot Seats

    As the general plan update finish line looms nearer, upheaval over planning commission membership
    • Jan 27, 2011
  • Is Everybody HAPPY?

    • Jan 20, 2011
  • More »


Facebook | Twitter

© 2022 North Coast Journal

Website powered by Foundation