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Affiliated Media, the holding company for Media News Group, owner of The Denver Post, said Friday that it has emerged from Chapter 11 protection.
Judge Kevin J. Carey of the U.S. Bankruptcy Court for the District of Delaware approved the company’s reorganization plan March 4, less than six weeks after the media company filed for bankruptcy protection Jan. 22.
Affiliated had reached an agreement with its lenders to reduce the company’s debt from about $930 million to about $165 million with no management change or change of control of the company.
