Ownership change: Sale of Reading Eagle to MediaNews Group will bring 81 job cuts this month, notice states (The Morning Call)
U.S. Bankruptcy Court signed off on the sale of the bankrupt Reading Eagle to MediaNews Group, better known as Digital First Media. MediaNews, which owns about 200 publications and counts hedge fund Alden Global Capital as its largest shareholder, offered the minimum bid of $5 million to buy the company’s assets.