Bankruptcy Approval for Philadelphia Inquirer
Posted on Jul 17, 2010 2:45pm PDT
The publisher of the Philadelphia Inquirer has won approval of their bankruptcy exit plan that will hand control of the company's assets to a group of lenders and will lay to rest a months-long courtroom battle. The judge signed off on the reorganization plan which has the unique distinction of incorporating a $139 million sale of the business that had not previously received the judge's blessing.
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