Philly newspapers pursue alleged illegal taping

April 14, 2009 11:03:25 AM PDT
The owner of The Philadelphia Inquirer and Philadelphia Daily News wants to investigate whether a creditor illegally tape-recorded a meeting during which sensitive financial information was discussed. Brian Tierney, CEO of Philadelphia Newspapers LLC, plans to testify Monday in U.S. Bankruptcy Court in Philadelphia on his company's motion to hire a law firm to probe the matter.

Tierney says if the meeting was secretly recorded, it could jeopardize that creditor's efforts to recover money. Pennsylvania requires all parties to consent to a taped conversation.

Philadelphia Newspapers LLC filed for Chapter 11 protection from creditors in February, citing $395 million in debt.

Tierney says he wants to know if other meetings were recorded, and whether the inside information was shared. The company's debt is publicly traded.

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