Westword | MinnPost.com
A Debtwire piece reports: “MediaNews has scheduled a July 1 lender call to provide an update on the progress of the negotiations. …The company is expected to implement its restructuring through a pre-arranged or pre-packaged bankruptcy filing, said the first source, a lender and a sellside analyst.” Michael Roberts points out: “This move doesn’t mean MediaNews is definitely filing for bankruptcy — far from it.” || Related from David Brauer.
> McClatchy’s fate looks increasingly out of its hands
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Story on today’s MediaNews lender call uses the b-word
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