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She is now leading Lee through a prepackaged bankruptcy as it restructures about $1 billion in debt. Earlier this week, a U.S. bankruptcy judge approved Lee's debt refinancing plan, which will allow it to exit the process next Monday. Singleton is chairman of MediaNews Group, which was among the newspaper publishers hardest hit by the industry slump. MediaNews' parent company, Affiliated Media Inc., filed for Chapter 11 bankruptcy protection in January 2010 and relinquished control to a group of lenders as part of the reorganization. Singleton stepped down as CEO of MediaNews last year. Singleton said in a statement that the industry "has long been the beneficiary of Mary's deep understanding of the challenges facing all media companies in the digital age." "She is a strong advocate for AP, for the value of original newsgathering and for everything AP stands for. She'll be an outstanding chairman." Curley plans to stay on as AP's chief executive until his successor is in place.
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