Philadelphia Newspapers Bankruptcy

New Era As Philly Newspaper Now Owned By Lenders

AP | Posted 05.25.2011

PHILADELPHIA — The Philadelphia Inquirer and Daily News are starting a new era under the control of their former creditors. The lenders include...

Philadelphia Newspapers Bankruptcy: Creditors Win Bid, Publisher Loses Papers

AP | MARYCLAIRE DALE | Posted 05.25.2011

NEW YORK — Creditors won the frenzied bankruptcy auction for Philadelphia's two major newspapers with a $139 million bid on Wednesday, despite l...

Ron Perelman Bidding For Philadelphia Newspapers

AP | MARYCLAIRE DALE | Posted 05.25.2011

NEW YORK — The yearlong bankruptcy of Philadelphia's two largest newspapers has been a marathon affair, and Tuesday's auction to determine their...

Philadelphia Newspapers Hope For Debt-Free Bankruptcy

AP | MARYCLAIRE DALE | Posted 05.25.2011

PHILADELPHIA — Two large Philadelphia daily newspapers hope to emerge from bankruptcy debt-free by paying creditors $37 million in cash plus rea...

Philadelphia Newspapers Owner Files For Bankruptcy Protection

AP | BOB LENTZ | Posted 05.25.2011

PHILADELPHIA — The owner of The Philadelphia Inquirer and Philadelphia Daily News filed for Chapter 11 bankruptcy protection Sunday in an effort...