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

Immigration

The Left, the Wall, the Truth

Democrats and others on the left offer three reasons for their opposition to building a wall on America's southern border. 1. A wall is ineffective. 2. A wall is too expensive. 3. A wall is immoral. Each one is false, so false as to constitute lies. So, the only question is: Do Democrats and others on ... Read More
White House

The FBI Tramples Our Political Order

The FBI took it upon itself to determine whether the president of the United States is a threat to national security. No one had ever before thought that this was an appropriate role for the FBI, a subordinate agency in the executive branch, but Donald Trump isn’t the only one in Washington trampling ... Read More