Moody’s Downgrades MediaNews Group
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Moody’s downgraded MediaNews Group today, saying the owner of the Denver Post “faces a heightened risk of near-term default under the financial tests of its recently amended senior secured credit agreement as well as the refinancing risk posed by the December 2009 maturity of its revolving credit facility.” The Denver Business Journal has the details.
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[…] Denver Newspaper Agency. Post publisher MediaNews Group often seems to be teetering on the brink of missing its debt payments, the Rocky is almost certain to be shut down, and now Jeff Smith at the Rocky reports that the DNA […]
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