Dec 11, 2008
MediaNews downgraded
Moody's Investors Services has downgraded MediaNews's debt rating to Caa3, meaning the newspaper company is at a "significant risk" of defaulting on its debt obligations (via Romensko). A spokesman company said that, unlike Tribune, which just filed for bankruptcy, MediaNews is in debt to the right people.
Labels:
Dean Singleton,
journalism,
MediaNews,
newspapers,
reporter g
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