Friday, April 3, 2009

MediaNews Misses Debt Payment

Posted By on Fri, Apr 3, 2009 at 4:18 PM

MediaNews Misses Debt Payment: Deep, deep in debt and nearing default, the Times-Standard's parent corporation has reached a deal with creditors that will allow it to (temporarily) forgo payments on its ghastly, ungodly, mid-bogglingly Himalayan debt, reports the New York Times. The Wall Street Journal has a story up too.

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