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.
Denver Public Relations Blog 
Hi Jeremy — you seem to know a lot about this. Can you tell me the difference between a holding company going bankrupt and a non-holding company bankruptcy?
Also, the Wall Street Journal had an informative article on the topic ( http://online.wsj.com/article_email/SB10001424052748703657604575005813195786280-lMyQjAxMTAwMDEwNTExNDUyWj.html ), though it didn’t answer that question for me either.
-Joe
Wow, DBJ did a real reporting job on this story. Nice work, Mark. The Post? Eh, not so much. Although I’m sure there was absolutely no input by Dean or his minions in how the Post story was to be worded…