Of course, that is not exactly how Aldo Svaldi’s Denver Post article this morning described it. Before running across the word “bankruptcy” for the first time in the third paragraph, it was described as a “pact,” “deal,” “new ownership structure,” “restructuring plan” and “agreement.” Clearly there is no need to buy Svaldi a thesaurus for his birthday this year.

Of the bankruptcy agreement, Media News chairman and chief executive William Dean Singleton said, “It gives us one of the strongest balance sheets in the industry.” Sadly, he may be right.

If you are interested, the Denver Business Journal also covered the Post’s bankruptcy agreement.