Gwinavere Johnston, CEO
Saturday’s Denver Post (the least read Post of the week) ran a 3-inch story in the business section that I almost missed.
The headline read “Post’s Parent Company Files Restructuring Deal.”
The story went on to say that Affiliated Media, the parent of Media News Group, which is the parent of the Denver Post, was filing for bankruptcy. Its debt was being reduced and some of it replaced by equity. It didn’t mention who the shareholders are.
This is a big story to get such little notice. The coverage decision no doubt was made by the executives at the Post and Media News Group.
I wonder who owns shares in Affiliated Media now? I know the Post is not a community-owned newspaper, but it would be kind of nice to know who is controlling the purse strings. Other readers must be wondering the same thing.