MediaNews Group Bankruptcy Could Be Bad For SoCal

MediaNews Group announced Friday it would file for Chapter 11. The company owns nine daily newspapers in Southern California, including the LA Daily News, the Daily Breeze and the Long Beach Press-Telegram. In a memo to staff, CEO Dean Singleton stressed that no jobs would be lost or newspapers sold as a result of the bankruptcy. But it’s doubtful his words inspired much confidence in employees that have already suffered layoffs, pay cuts, and reductions in benefits under his watch. Especially considering Singleton’s chat with the Wall Street Journal:

On Friday, Mr. Singleton said he wanted to be aggressive in merging newspapers.

People in the industry have pointed to MediaNews’s paper in St. Paul and the Star Tribune in Minneapolis as potential candidates for a combination, as well as to adjacent papers in Southern California published by MediaNews, MediaNews Group Co. and MediaNews Group Inc.

It’s hard to imagine how merging any of MediaNews’s Southern California papers won’t result in lost jobs – and a reduction of local coverage. Perhaps Mr. Singleton has a more active imagination than the rest of us?

Previously on FBLA:

  • Freeze On Vacation Time For Daily News Employees
  • Daily News Buyouts And Layoffs
  • Propsed Paycuts For 2 Northern California Papers