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The owners of Philadelphia's two major dailies are waging a late-stage battle to keep the newspapers from creditors in a looming bankruptcy auction. Senior lenders now have the right to use the $300 million owed them to win The Philadelphia Inquirer and...
Tags: Philadelphia Daily News, Philadelphia Inquirer, stage battle, Philadelphia Newspapers, bankruptcy auction
A New York-based hedge fund took control of Chicago Reader parent Creative Loafing Inc. Tuesday, winning a bankruptcy court auction against the alternative media chain's founding family. According to a report on TampaBay.com, Atalaya won the auction with...
Tags: Creative Loafing Inc., hedge fund, Atalaya Capital Management, Ben Eason, alternative weekly, Tampa, million bid, Chicago Reader, Debbie Eason, bankruptcy auction
Word that Gottschalks is going out of business devastated longtime customers Tuesday. "I've shopped here all my life," said Jean Brasher, 77, of Porterville. "It's really going to be missed." The Fresno-based company is considered by many customers...
Tags: department store, James Famalette, Fresno Bee, store chain, based gottschalks, District of Delaware, bankruptcy auction