Creditors Get Higher Bid for Bankrupt Philadelphia Papers
Tierney, chief executive of the bankrupt Philadelphia newspapers, on Tuesday raised its bid to keep control of the papers to at least $86.5 million, from $66.5 million. Mr. Tierney and his backers, who are Philadelphia-area investors, want to prevent The Inquirer and Daily News from becoming the...
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about 1 month ago
News Stories
- News Source: Star Tribune | about 1 month agoA local group sweetened its bid for The Philadelphia Inquirer and Philadelphia Daily News on Wednesday, saying it would pay another $20 million over five years in addition to the $67 million in cash and real estate that it has previously offered. The...
- News Source: Miami Herald | about 1 month agoA local group says it will raise its bid for The Philadelphia Inquirer and Philadelphia Daily News at auction by $20 million to about $87 million. The local group includes Toll Bros. co-founder Bruce Toll and Rohm & Haas heir David Haas. The group...
- News Source: Asian Wall Street Journal | about 1 month agoInvestors backing the current owners of Philadelphia's daily papers have offered to sweeten their bid to buy the dailies out of bankruptcy protection, as they try to keep the papers out of the hands of creditors. The Philadelphia Inquirer and the...
- News Source: The New York Times | about 1 month agoTierney, chief executive of the bankrupt Philadelphia newspapers, on Tuesday raised its bid to keep control of the papers to at least $86.5 million, from $66.5 million. Mr. Tierney and his backers, who are Philadelphia-area investors, want to prevent...
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- Blog Source: estateanalytics.comThe offer includes $37 million in cash, $30 million in real estate and a $20 million bank note. Senior lenders also want to take over the company and ... Discuss This | View the full story.
- Blog Source: www.foreclosureinfotoday.comNew York TimesLocals raise bid for Philadelphia papers to $87MThe Associated PressThe group includes Toll Bros. co-founder Bruce Toll and Rohm & Haas heir David Haas and will be competing at a bankruptcy court auction on Nov.
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Video Source: www.truveo.com - Video Source: www.truveo.comProgress Made At Philadelphia ...Video Source: www.truveo.comProgress Made At Philadelphia Newspapers
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