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Philly newspapers hope $35M will end bankruptcy

Source: San Diego Union-Tribune

Philadelphia : PA : USA | 4 months ago

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Philadelphia Newspapers hopes to use $35 million in new capital to settle nearly $400 million in debts and emerge from bankruptcy. A lawyer for the company says an opposing creditors' plan would leave the papers saddled with up to $85 million in debt.

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News Stories

Philadelphia Newspapers hopes $35M will resolve bankruptcy; judge scolds ...

News Source: Star Tribune | 4 months ago

Philadelphia Newspapers hopes to use $35 million in new capital to settle nearly $400 million in debt and emerge from bankruptcy. An opposing creditors' plan would leave the newspapers saddled with up to $85 million in debt, making it difficult for...
Philly newspapers hope $35M will end bankruptcy

News Source: San Diego Union-Tribune | 4 months ago

Philadelphia Newspapers hopes to use $35 million in new capital to settle nearly $400 million in debts and emerge from bankruptcy. A lawyer for the company says an opposing creditors' plan would leave the papers saddled with up to $85 million in debt.
Editor & Publisher: Lawyers For Philly Papers Ask for More Time for Re-Org ...

News Source: Uinta County News | 4 months ago

Lawyers for the owner of Philadelphia's two major daily newspapers are asking a federal Bankruptcy Court judge for more time to file a reorganization plan. Philadelphia Newspapers LLC, owner of The Philadelphia Inquirer and Philadelphia Daily News,...