Media Blog

Philadelphia Inquirer Bankruptcy Update

I’ve been enjoying The Bulletin’s ongoing, detailed coverage of the Philadelphia Inquirer’s financial woes. One gets the feeling that there’s a hint — just a taste — of unspoken glee at work in their reportage. Today’s update:

Philadelphia Newspapers, the company that publishes The Philadelphia Inquirer, came under fire yesterday for its attempt to push back a deadline for notices of removal in the face of dwindling cash reserves.
The deadline, which will occur at the end of this week, would limit the number of cases against the company that could be removed to different jurisdictions, so the bankruptcy court may consider them. Philadelphia Newspapers requested moving the deadline back by 120 days, drawing criticism in the form of a filing objecting to the request.
“Such delay is prejudicial to creditors who have been held hostage while the debtors try to browbeat the bank group into conceding to a $200 million write down,” said a filing by Charter School Management, Inc. (CSMI), the plaintiff in a lawsuit against the company and its CEO, Brian Tierney. The CSMI case is on hold because of the bankruptcy.

Most Popular

Film & TV

A Sad Finale

Spoilers Ahead. Look, I share David’s love of Game of Thrones. But I thought the finale was largely a bust, for failings David mostly acknowledges in passing (but does not allow to dampen his ardor). The problems with the finale were largely the problems of this entire season. Characters that had been ... Read More
Politics & Policy

The Great Misdirection

The House Democrats are frustrated, very frustrated. They’ve gotten themselves entangled in procedural disputes with the Trump administration that no one particularly cares about and that might be litigated for a very long time. A Washington Post report over the weekend spelled out how stymied Democrats ... Read More
World

Australia’s Voters Reject Leftist Ideas

Hell hath no fury greater than left-wingers who lose an election in a surprise upset. Think Brexit in 2016. Think Trump’s victory the same year. Now add Australia. Conservative prime minister Scott Morrison shocked pollsters and pundits alike with his victory on Saturday, and the reaction has been brutal ... Read More
NR Webathon

We’ve Had Bill Barr’s Back

One of the more dismaying features of the national political debate lately is how casually and cynically Attorney General Bill Barr has been smeared. He is routinely compared to Roy Cohn on a cable-TV program that prides itself on assembling the most thoughtful and plugged-in political analysts and ... Read More