Apr 11, 2008

No news is MediaNews

The MediaNews Group has decided the best way to avoid reports of its troubled finances is to simply stop making them public.

According to the Rocky Mountain News financial blog, MediaNews will no longer file financial results with the Securities and Exchange Commission:
That means an end to quarterly and annual earnings reports, disclosures of legal matters, compensation of CEO William Dean Singleton, and the ownership stakes of Singleton, Chairman Richard Scudder, and key employees.

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