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Philadelphia Newspaper Owner Files For Bankruptcy

Posted: February 23rd, 2009 | Author: | Filed under: Recession News, USA | Tags: , , | No Comments »

The owner of The Philadelphia Inquirer and Philadelphia Daily News filed for bankruptcy protection Sunday in an effort to restructure its debt load.

Philadelphia Newspapers Inc., owned by Philadelphia Media Holdings LLC, is the second newspaper company in two days, and fourth in recent months, to seek bankruptcy protection.

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