MediaNews Developments, 2010
In January, 2010, Affiliated Media, parent of MediaNews, filed for Chapter 11 bankruptcy protection. The MediaNews creditors then removed Media News president Joseph Lodovic and its chairman, William Dean Singleton, was reassigned to the position of “executive chairman of the board." The Singleton-Lodovic appointees to the MediaNews board were replaced by new directors representing the stockholders group led by Alden Global Capital, a hedge fund firm which has acquired a large, though not controlling, stake. Several interim executive positions were also filled by people related to Alden or its parent, Smith Management LLC.
Read more about this topic: William Dean Singleton