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.