As it promised back in January, Affiliated Media, the holding company for newspaper chain MediaNews Group, has emerged for Chapter 11 bankruptcy protection. The owner of the Denver Post and San Jose Mercury News was able to shrink its debt from a staggering $930 million debt to a more manageable $165 million. That 82.3 percent reduction in its debt, allowed it to end the bankruptcy period. This was a pre-packaged reorg, meaning its lenders are all in agreement. None of the newspapers will be affected, and Dean Singleton will remain chairman and CEO. Release