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Tag: philadelphia inquirer

Philly Newspapers File for Bankruptcy

Not long after reports that the Philadelphia Inquirer and Daily News were seeking a bailout from our beloved spendaholic Dem Governor Ed Rendell we now hear that the papers are filing for Bankruptcy: Philadelphia Newspapers L.L.C., which owns The Inquirer, the Philadelphia Daily News, and Philly.com, filed for bankruptcy protection today in a bid to restructure its $390 million in debt load. The company, bought by a group of Philadelphia-area investors for $562 million in 2006, said the voluntary Chapter 11 filing would not interrupt its daily operations. “This restructuring is focused solely on our debt, not our operations,” chief

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