Inquirer owner files for bankruptcy

Philadelphia Inquirer by Harold Brubaker | Feb. 23, 2009 (News Report)

Philadelphia Newspapers L.L.C., which owns The Inquirer, the Philadelphia Daily News, and Philly.com, filed for bankruptcy protection yesterday 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. Full Story »

Posted by Derek Hawkins

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Subjects: Business, Living, Media
Topics: Money, Journalism, Mainstream Media, Media Ownership
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Posted by: Posted by Derek Hawkins - Feb 23, 2009 - 2:48 AM PST
Reviewed by: Derek Hawkins (review)
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Edited by: Derek Hawkins - Feb 23, 2009 - 2:48 AM PST

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 by Derek Hawkins - Feb. 23, 2009
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