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MediaNews Group Seeks Merger

U.S. publisher, MediaNews Group, is planning to merge with Freedom Communications and several other newspaper companies.

U.S. publisher, MediaNewsGroup, is planning to merge with Freedom Communications andseveral other newspaper companies, The Wall Street Journal reports. The Colorado-based company’s holding company, Affiliated Media, filed for bankruptcy protection a year ago.

Affiliated Media came out of bankruptcy under the ownership of investment firm, Alden Global Capital, which also is part of a group of lenders that owns Freedom Communications. Alden is looking to combine at least some of its various newspaper holdings into a single company

Click here for the story from The Wall Street Journal.

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