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SportsShooter.com: Member Message Board

Media News Files Bankruptcy
John Todd, Photographer
Palo Alto | CA | usa | Posted: 10:51 PM on 01.22.10
->> Wow,

I never thought I would see this happen.

http://www.PaloAltoOnline.com/news/show_story.php?id=15411
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Robert Hanashiro, Photographer
Los Angeles | CA | | Posted: 4:54 AM on 01.23.10
->> http://www.sanjoseinside.com/sji/blog/entries/mercury_news_parent_files_ban.../
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Robert Hanashiro, Photographer
Los Angeles | CA | | Posted: 4:54 AM on 01.23.10
->> http://newsosaur.blogspot.com/2010/01/why-singleton-will-stay-after.html
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Robert Hanashiro, Photographer
Los Angeles | CA | | Posted: 4:57 AM on 01.23.10
->> http://newsosaur.blogspot.com/2010/01/medianews-bankruptcy-hit-hearst-harde...
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Mark Loundy, Photo Editor
San Jose | CA | USA | Posted: 2:10 PM on 01.23.10
->> From me on Twitter:

Jan 15th
This is not good. Media News announces pre-packaged Chap 11
http://bit.ly/8kdMP9

Press release from MNG holding company about bankruptcy :
http://bit.ly/6WTjX9

Jan 18th
An excellent look inside Media News by Martin Langeveld:
http://bit.ly/4z7bjF

-- @Mark
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Jose Carlos Fajardo, Photographer
Walnut Creek | CA | U.S.A. | Posted: 3:51 PM on 01.23.10
->> Hey John!

Does that mean I'd better start looking for work at Home Depot?
 This post is:  Informative (0) | Funny (0) | Huh? (0) | Off Topic (0) | Inappropriate (0) |   Definitions

Konstandinos Goumenidis, Photographer
Bay Area | CA | USA | Posted: 4:18 PM on 01.23.10
->> Sad but one of the reasons why I quit working for BANG... have kids to think of :-/ Best of luck to all you guy if anything happens.
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Steven E. Frischling, Photographer
| | | Posted: 4:21 PM on 01.23.10
->> As former MediaNews staffer I feel sorry for my former colleagues who are still at my old paper.

I know many of them feared getting sacked in the last two years.
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Robert Hanashiro, Photographer
Los Angeles | CA | | Posted: 4:49 PM on 01.25.10
->> http://newsosaur.blogspot.com/2010/01/next-for-medianews-rolling-up-ailing....

..."Translated into plain English, this means William Dean Singleton, the ever-resilient chief executive of MediaNews, will use his newly streamlined balance sheet to pursue his long-time passion for extracting profits from struggling newspapers.

In even plainer English, this means merging profit-challenged properties in multi-newspaper markets and consolidating their operations at every level – in the newsroom, in the ad department and throughout the production chain – to wring fatter profits from what remains.

In the plainest English, this likely means more lost jobs."
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Rick Giase, Photographer, Photo Editor
Arvada | CO | USA | Posted: 8:33 PM on 01.26.10
->> "The reorganization plan calls for Singleton to receive a $634,000 salary and an annual bonus of up to $500,000 as Affiliated's chief executive. He will also continue to be paid $360,000 annually under a separate agreement with The Denver Post Corp., according to court documents.

Joseph Lodovic IV, Affiliated's president, will get a $1 million salary, an annual bonus of up to $500,000 and 3 percent of the reorganized company's stock, according to court documents. He has already earned $500,000 in bonuses for overseeing recent changes at the Denver newspaper and helping to gather lender support for the reorganization. He is eligible for an additional bonus of up to $250,000, contingent on the timing of the plan's approval."

http://blogs.westword.com/latestword/2010/01/medianews_group_bankruptcy_sto...

What's in your wallet?
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Thread Title: Media News Files Bankruptcy
Thread Started By: John Todd
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