Skip to main content

Oakland Tribune Owner MediaNews Group In Trouble - San Francisco Business Times:

By
More at San Francisco Business Times:: “Moody's Investors Services on Thursday rated MediaNews Group Inc. -- owner of 29 newspapers in Northern California -- as being in “substantial risk” of default on its debt.

Denver-based MediaNews owns the Oakland Tribune, the Contra Costa Times, the Argus in Fremont, and the San Jose Mercury News, among other local papers.

The ratings service downgraded its “corporate family rating” of the privately held media company to Caa3 from B3 on $962 million in debt. It also lowered its “probability of default” rating to Caa3 from Caa1.”

-- And the Trib's plan to charge money to online readers for content access is not going to stop this slide.
Labels:

Comments

Post a Comment

Popular posts from this blog

Alex Castro, Electronic Arts VP, Is Oakland’s “Fake Joe Tuman”, “Crocker Mom”

By
Alex Castro, is currently Vice President Of Product Management At Electronic Arts, and a fairly-well-known and legendary tech executive, regularly quoted in a number of industry publications. But Alex Castro’s also an Oakland resident who has the terrible habit of going online, making traceble email accounts from his Electronic Arts office, and posing as someone […] from WordPress http://ift.tt/1fVkWP9 via IFTTT
Post a Comment
Read more

Interview: Imani, Chef Owner of Roasted and Raw RoastedRaw.com, For Oakland Restaurant Week 2023

By
Interview: Imani, Chef Owner of Roasted and Raw RoastedRaw.com, For Oakland Restaurant Week 2023 Interview: Imani, Chef Owner of Roasted and Raw RoastedRaw.com, For Oakland Restaurant Week 2023. Imani Greer gets a highlight in The Oakland Post: Chef Imani Greer, a culinary entrepreneur, has created quite a stir — and menu — for the Bay Area’s vegan-loving community with the opening of his new Roasted and Raw (R&R) restaurant near Oakland’s Jack London Square. I am proud to welcome him to Zennie62Media for Oakland Restaurant Week 2023. Stay tuned. via YouTube https://www.youtube.com/watch?v=8QvMqVWLAH4
Post a Comment
Read more

Maurice Greer Thinks Oakland Shouldn’t Go After NFL Instead Focus On Tiny Soccer League And Be Poor

By
Maurice Greer Thinks Oakland Shouldn’t Go After NFL Instead Focus On Tiny Soccer League And Be Poor Maurice Greer Thinks Oakland Shouldn’t Go After NFL Instead Focus On Tiny Soccer League And Be Poor Zennie62 Oakland News Now YouTube vlog SUBSCRIBE TO ZENNIE62 YOUTUBE HERE: https://www.youtube.com/channel/UCqtc118chzxCUJExjeWbeEA?sub_confirmation=1 Join Zennie62 YouTube channel https://www.youtube.com/channel/UCqtc118chzxCUJExjeWbeEA/join via YouTube https://www.youtube.com/watch?v=FSqox6Rr7po
Post a Comment
Read more