Thursday, April 29, 2010

Creditors win frenzied bankruptcy auction for Daily News & Inquirer

A coalition of hedge funds and other investment firms offered $105 million in cash yesterday to buy the Daily News, Inquirer and Philly.com, winning an auction to bring the newspapers out of bankruptcy and ending a bitter fight with the newspapers' chief operating officer, Brian P. Tierney.

}}} full story {{{
.

No comments: