Date

Fri - 22.09.2017


MediaNews Group

paidContent yesterday published this chart (left, click for larger view), which compares how long seven of the top U.S. publishers have spent in bankruptcy, as well as how their basic financial situations differ.

The publishers include MediaNews, Freedom Communications, Sun-Times, Journal Register, Philadelphia Newspapers, Star Tribune and Tribune.

Author

Leah McBride Mensching

Date

2010-10-19 17:40

MediaNews Group's holding company, the Denver-based Affiliated Media Inc., has emerged from bankruptcy, just six weeks after it filed to reorganise under Chapter 11, The Orange County Register reported today.

The reorganisation cut the company's debt to US$165 million, from $930 million, as secured lenders traded debt for an 89 percent stake in the company. CEO William Dean Singleton and President Joseph H. Lodovic IV now hold the remaining 11 percent and will continue controlling it.

Author

Leah McBride Mensching

Date

2010-03-22 18:38

Affiliated Media Inc. has won court approval of its restructuring plan, which will reduce its debt by about 81 percent and eliminate about US$751 million through a debt-for-equity swap, Bloomberg reported.

U.S. Bankruptcy Judge Kevin J. Carey, at a hearing Thursday in Wilmington, Delaware, approved the reorganisation plan which will provide lenders a majority of the reorganized company's equity, according to Bloomberg. The company publishes the Denver Post, San Jose Mercury News and 52 other dailies.

The company will be under chapter 11 bankruptcy protection by April 1.

As the holding company for MediaNews Group, Affiliated is headed by William Dean Singleton, who is also chairman of The Associated Press, according to ABC News.

"We knew we had a good plan going in, and it had been approved by the lenders before it was filed," said Singleton in a statement. "We are pleased that it won confirmation, and that our company is now well-positioned for the changing days ahead."

Author

Erina Lin

Date

2010-03-04 22:11

More details have been released about the MediaNews paywall plans, which will charge for investigations and analysis but not for breaking news, Poynter Online reports.

Vice president for content development Howard Saltz said that investigations, enterprise, analysis, columns and reviews will be behind the paywall. "The kind of content that goes behind a wall is the kind of content that paid, professional journalists do," he told Poynter, "the kinds of things that you really couldn't count on bloggers and Web enthusiasts to do." Articles will be free if it's necessary to remain competitive with other news sources, including breaking news and multimedia, he said.

For more on this story, visit our sister publication, editorsweblog.org.

Author

Leah McBride Mensching

Date

2010-02-12 15:48

MediaNews Group will begin charging for online content in May, adopting a metered paywall system similar to the one The New York Times announced it will put up, Bloomberg reported Friday. The U.S. newspaper publisher will use Journalism Online LLC to handle processing of payments for its Web sites.

The test will begin at the company's Enterprise-Record in Chico, California, and Daily Record in York, Pennsylvania. If it's successful, the paywall may be instituted at more than 50 dailies owned by MediaNews, including The Denver Post and San Jose Mercurcy News, the Denver Business Journal reported Saturday.

Image: Superchou's Flickr photostream
Paid subscribers of the Enterprise-Record and Daily Record will have complete access to the papers' online content, or could have to pay a small "up-charge," the amount of which has yet to be decided, MediaNews President Joseph Lodovic told Bloomberg.

The holding company for MediaNews Group filed for bankruptcy at the end of January. Affiliated Media Inc., the privately held parent company for the publisher, expects to emerge from bankruptcy in one or two months. It has said that it has a deal with creditors to reduce its $930 million debt to $165 million.

Author

Leah McBride Mensching

Date

2010-02-08 22:16

The holding company for MediaNews Group, publisher of The Denver Post, San Jose Mercury News and 52 other daily publications, has filed for bankruptcy, Editor and Publisher reports.

Affiliated Media Inc., the privately held parent company for the publisher, expects to emerge from bankruptcy in one or two months. It has said that it has a deal with creditors to reduce its $930 million debt to $165 million. Lenders including Bank of America would get most of the company's stock, wiping out shareholders such as Hearst Corp. A bankruptcy court in Delaware still has to approve the plan.

For more on this story, visit our sister publication, editorsweblog.org.

Author

Leah McBride Mensching

Date

2010-01-25 19:34

Affiliated Media Inc., the holding company for U.S. publisher MediaNews Group, will restructure the company's debt in a "prepackaged" Chapter 11 bankruptcy filing, The Salt Lake Tribune reported. Debt will be cut from about US$930 million to $165 million, and senior lenders will be given equity.

MediaNews Group publishes 54 daily newspapers, including The Tribune and the Denver Post, as well as 100 non-dailies.

CEO William Dean Singleton said day-to-day operations won't be affected, and the company has enough cash to cover its operations. Under the restructuring, management will also be allowed to own 20 percent of the company, The Associated Press reported.

On Wednesday, U.S. company Morris Publishing Group, also announced it would also file a prepackaged bankruptcy plan, which will cut its debt load of $415 million by 70 percent, the Juneau Empire reported.

Author

Leah McBride Mensching

Date

2010-01-15 23:22

News Corp.'s Rupert Murdoch is no longer standing alone in the wind as he rails against the unpaid aggregation of content by search engine giant Google, Bloomberg reported yesterday. Publishers A.H. Belo and MediaNews Group may soon shield their content with paywalls, and de-index that paid content from search engines, Editor & Publisher reported.

Publishers resent Google because it does not share with them the money it makes from advertisements displayed next to news search results, Reuters said yesterday. Murdoch's ire goes one step further, seeking direct compensation from search engines for access to News Corp.'s articles, BBC reported yesterday.

The contemplated pullout entails severe risk of invisibility for the publications at issue, MediaBuyerPlanner yesterday observed. Currently, Google enjoys 65 percent of the U.S. search market, leaving Microsoft's Bing only 9.9 percent.

Author

Leah McBride Mensching

Date

2009-11-25 13:10

MediaNews Group plans to offer personalised newsletters to be printed in the homes of Denver readers this week Poynter Online reported. The company, which has rather secretly been developing its Individuated News project, intends for the print-at-home experiment to extend to include 25 homes, followed by 60 visitors residing at the Marriott Hotel sometime next month.

The new print-at-home technology will be installed in 300 readers' homes in Los Angeles in late summer, where MediaNews Group publishes the Los Angeles Daily News.

MediaNews Vice President Peter Vandevanter explained the details of the project, saying readers will buy the customised printer as well as pay for a subscription to the paper, which will reimburse the costs of printing. Revenue is expected to be generated by advertisers eager to reach the local consumer base.

Vandevanter said advertisers would jump at the opportunity to have ads be put "in the hands of customers who live within three miles of them."

Advertisers will be charged 5 cents per ad, per subscriber, which Vendevanter points out is a much higher rate than online newspapers are able to charge.

The newsletters that are printed in readers' homes will consist of 12 pages of news, followed by two pages of coupons. Readers can customise the news they receive by the choices they make when registering, which include preferences of news categories, cities and celebrity personalities.

Author

Leah McBride Mensching

Date

2009-06-02 11:35

The Salt Lake Tribune will begin to charge for some online content, The Salt Lake Tribune reported. The decision comes after the Tribune's parent company, MediaNews Group, said putting its print content on the Web for free is "an injustice to paying subscribers and creates perceptions that printed news and information have no value."

In a memo sent to employees by MediaNews Group, the company explained it will be making a shift from putting all printed content online to offering "premium" online content that differs from the print edition.

MediaNews President Jody Lodovic, said the company's strategy is "about creating a different audience online (and)...about creating options for people getting their news in different ways."

There is no launch date or consumer cost projection for the plan as of yet, although it is speculated that "bundle" packages could be offered, such as a combined online and print package, involving reduced printing and home delivery schedules, The Tribune reported.

Author

Leah McBride Mensching

Date

2009-05-15 10:22

Syndicate content

© 2015 WAN-IFRA - World Association of Newspapers and News Publishers

Footer Navigation