Singleton omissions

The Denver Post may not be the best place to get complete coverage on the recent bankruptcy filing by the parent of MediaNews Group. Of course, it just so happens that the Post is owned by MediaNews Group, which is owned by Dean Singleton, who happens to be based in Denver. Get it? The latest omission involves the compensation that Singleton would receive under the reorganization plan. From an AP story in the Seattle Times:

The reorganization plan calls for Singleton to receive a $634,000 salary and an annual bonus of up to $500,000 as Affiliated's chief executive. He will also continue to be paid $360,000 annually under a separate agreement with The Denver Post Corp., according to court documents.

None of that made it into the Denver Post, which was using the same AP story, according to the alternative weekly Westword. The Post has also avoided the word "bankruptcy" in its stories, preferring "Chapter 11" (is it any wonder that the newspaper business is on its last legs?). Besides the Post, MediaNews owns 53 daily papers in the U.S., including the Daily News and Daily Breeze.

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
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