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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
Lenders trying to seize control of the parent company of two bankrupt Philadelphia newspapers won a judge's approval to use money owed to them as part of their bid, a move that could deliver the papers to their hands. U.S. Bankruptcy Judge Stephen Raslavich...
Tags: Philadelphia Newspapers LLC, Philadelphia newspapers, Philadelphia Daily News
Creditors who are out $400 million with the bankruptcy filing by Philadelphia's two main daily newspapers will be in court Thursday trying to win control of the company. Philadelphia Newspapers operates The Philadelphia Inquirer, Philadelphia Daily News...
Tags: Philadelphia Newspapers, Philadelphia Daily News, Boston Globe, Philadelphia
Local investors hoping to win Philadelphia Newspapers at a bankruptcy auction should pay for the newspapers' "Keep It Local!" publicity campaign, a judge suggested Wednesday. At the same time, he called complaints about the ads from rival creditors "overheated,"...
Tags: Philadelphia Newspapers, Philadelphia Daily News, Philadelphia Inquirer
Creditors seeking to take control of Philadelphia Newspapers in a hard-fought Chapter 11 bankruptcy case have hired a former publisher of the two daily newspapers. The creditors say retired publisher Bob Hall would be part of the management team if they...
Tags: Philadelphia Newspapers
Two large Philadelphia daily newspapers hope to emerge from bankruptcy debt-free by paying creditors $37 million in cash plus real estate to settle nearly $400 million in debt. Philadelphia Newspapers filed its reorganization plan Thursday, six months...
Tags: Philadelphia Daily News, Philadelphia Newspapers, Philadelphia Media Holdings LLC, reorganization plan
Philadelphia Newspapers hopes to emerge from bankruptcy protection debt-free through a plan that would pay creditors $62 million in cash and real estate to settle nearly $400 million in outstanding debt. The company filed its long-awaited reorganization...
Tags: Philly, Philadelphia Newspapers, philly newspaper, newspaper hopes
Philadelphia Newspapers can continue to use its cash to fund operations through late June in a deal reached with creditors. The agreement between the newspaper company and senior lenders renders moot a scheduled hearing Tuesday on the company's Chapter...
Tags: Philadelphia Newspapers
A judge told bankrupt Philadelphia Newspapers to focus on its financial reorganization while others investigate claims an investor illegally tape-recorded a sensitive meeting. The judge Monday appointed unsecured creditors to pursue the company's charge...
Tags: Philadelphia Newspapers
Philadelphia Newspapers, owner of the city's two major dailies, the Inquirer and the Daily News, has filed for bankruptcy protection, the latest casualty in the troubled US newspaper industry. Philadelphia Newspapers, which also operates the website philly.com,...