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  • Denver Post owner plans prepackaged Ch. 11 filing

    01/15/2010 8:09:54 PM PST · by george76 · 8 replies · 675+ views
    AP ^ | January 15, 2010
    Owner of Denver Post, Salt Lake Tribune plans prepackaged Chapter 11 bankruptcy filing. Affiliated Media Inc., the holding company for the MediaNews Group family of newspapers that includes The Denver Post, said Friday that it plans to file for Chapter 11 bankruptcy protection. The company said it would file a "prepackaged" plan already approved by lenders, which should allow it to emerge from bankruptcy more quickly. Under the plan, company debt would fall from about $930 million to $165 million. Senior lenders would swap debt for stock. Earlier this week, Morris Publishing Group, owner of 13 daily newspapers including the...