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Creditors trying to take over Philadelphia's two major newspapers hope to delay next week's scheduled bankruptcy auction while they challenge the bid rules. The creditors want to use $300 million owed them to bid on The Philadelphia Inquirer and Philadelphia...
Tags: Philadelphia Inquirer, Philadelphia Daily News, Philadelphia Newspapers LLC
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, Philadelphia
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.
Tags: Philadelphia Newspapers LLC, Philadelphia Daily News, newspapers hopes, Philadelphia Inquirer
Philadelphia Newspapers L.L.C., which owns The Philadelphia Inquirer, the Philadelphia Daily News, and Philly.com, filed for bankruptcy protection Sunday in a bid to restructure its $390 million in debt load. The company, bought by a group of Philadelphia-area...
Tags: bankruptcy protection, Philadelphia Daily News, Philadelphia Newspapers LLC, Philadelphia Inquirer, philadelphia dailies, Philadelphia Media Holdings LLC, newspaper companies, dailies newspaper, U.S, seeking bankruptcy