MediaNews Group, Inc. profile and media properties
William Dean Singleton is the CEO of MediaNews Group, Inc..
Based in Denver Colorado, MediaNews Group is a large American newspaper company which was founded in 1983 by CEO William Dean Singleton.
Affiliated Media, Inc. is the privately owned holding company for MediaNews Group. The company operates 54 daily newspapers in 11 states with combined daily and Sunday circulation of approximately 2.4 million and 2.7 million, respectively. MediaNews Group also owns a television station and radio stations in Texas.
The E.W. Scripps Company and MediaNews Group formed Prairie Mountain Publishing in 2006, when Scripps sold MediaNews Group a 50% interest in the company. Prairie Mountain Publishing (originally called the Colorado Publishing Company) owns and operates a number of Colorado newspapers including the Boulder Daily Camera, Colorado Daily, Broomfield Enterprise, Fort Morgan Times, Sterling Journal-Advocate, Lamar Daily News, Akron News-Reporter, Brush News-Tribune, Burlington Record, Julesburg Advocate and Estes Park Trail-Gazette. In August 2009, MediaNews Group, Inc. became the sole owner of this newspaper group.
On January 22, 2010, Affiliated Media filed for bankruptcy, using a “prepackaged” plan of reorganization under chapter 11 of the bankruptcy code in United States Bankruptcy Court in Delaware. The plan provides for a financial restructuring that sharply reduces debt. If the plan is enacted, company debt will fall from about $930 million to $165 million, and senior lenders will swap debt for stock. The group of 116 lenders led by Bank of America will hold a majority of stock. Affiliated Media management led by Singleton will retain 20 percent of the company through stock and warrants, and Singleton and company President Joseph J. Lodovic IV will own all class A shares, allowing them to choose a majority of the seven-member board of directors. Other stockholders will own class B and C shares.
Before declaring bankruptcy, MediaNews Group had joint ventures with a number of other media companies. These included a California newspaper partnership with Gannett Company, another California venture with Hearst Corporation and several Colorado ventures with E.W. Scripps Company.
CEO Singleton is known as an acquisition-minded and numbers-oriented newspaper executive who focuses on cost controls. At the annual meeting of the American Society of Newspaper Editors in April 2006, he said that newspapers have become insular and boring. "We've got to make them much more compelling than they are today," he said. "As an industry, for the last 30 years we've edited newspapers for each other and to win awards so we could pat each other on the back."
Singleton has said that he would not take his company public because he would lose control. "I can't imagine having the Wall Street analysts run my company for me," he said.
Affiliated Media, Inc. reported revenue of $1.06 billion in fiscal 2009, which ended June 30, 2009.
Contact Information
| Web Site: | www.medianewsgroup.com |
| Telephone: | 303.563.6360 |
| Fax: | 303.894.9327 |
| Address: | 1560 Broadway Suite 2100 Denver CO 80202 USA |
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Comments about MediaNews Group, Inc.
Comments to date: 9. The most recent comments are below.Serge Crespy Collingwood, Ontario CA | Posted at 3:05pm on Sunday, September 4, 2011 |
COPY: | |
Media Owners editors Boulder Colorado USA | Posted at 1:14pm on Friday, January 21, 2011 |
The Shakeup at MediaNews: Why It Could Be the Leadup to a Massive Newspaper Consolidation | |
Media Owners editors Boulder Colorado USA | Posted at 5:05pm on Tuesday, January 18, 2011 |
MediaNews Group Chief to Step Down | |
C Scholz Berkeley, CA | Posted at 10:54pm on Friday, June 12, 2009 |
Good luck with that. The so-called "Berkeley Voice", a "free" weekly, dropped like the garbage it is on my doorstep every Friday, is "published" by these weasels from another county. The bulk of the paper is real estate listings. I got it to stop -- once, briefly -- by flagging down a delivery vehicle I chanced to see one morning. Otherwise, forget it. They hide their contact info on purpose. | |
Eric Kallgren Boulder, Colorado USA | Posted at 12:47pm on Friday, May 29, 2009 |
In the June 2009 edition of 5280 magazine, writer Maximillian Potter offers some insight into the character of MediaNews chairman Singleton (in a story about the Rocky Mountain News and the Denver Post): | |
Eric Kallgren Boulder, Colorado | Posted at 2:58pm on Monday, February 26, 2007 |
wonder, | |
wonder fortuna | Posted at 1:26pm on Saturday, February 24, 2007 |
MNG does not own a paper in Nevada. Perhaps you have it confused with the Humbolt Beacon which MNG does own? | |
Eric Kallgren Boulder, Colorado | Posted at 3:23pm on Monday, February 19, 2007 |
Ari, | |
Ari del Rosario Covina, California | Posted at 1:32pm on Monday, February 19, 2007 |
I think that you should make it easier to find contact information on this website, because I've been trying to find a phone number, or adress, or even an email adress that I can use to contact the West Covina Highlander, but the links just take me back to same page everytime. The page that only gives me a so-called profile of the paper. I think you should add a hyperlink or something that can connect people to the main website. This would make it easier to get contact information. Thank you for your time. | |
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