PHILADELPHIA AP - Creditors trying to take over Philadelphia's two major newspapers at a bankruptcy auction next week must bid in cash, not with the millions owed them, a federal judge said Tuesday.The decision overturns a bankruptcy court ruling that seemed likely to give The Philadelphia Inquirer and Philadelphia Daily News to creditors by year's end.
November 11, 2009 at 12:00 AM
1 minute read
PHILADELPHIA AP – Creditors trying to take over Philadelphia’s two major newspapers at a bankruptcy auction next week must bid in cash, not with the millions owed them, a federal judge said Tuesday.
The decision overturns a bankruptcy court ruling that seemed likely to give The Philadelphia Inquirer and Philadelphia Daily News to creditors by year’s end.
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