Judge weighs court sale of Philly newspapers

(AP Photo)
September 30, 2010 8:32:04 AM PDT
Tensions remain high between two union groups at Philadelphia's largest newspapers and creditors hoping to have their bid for the company confirmed Thursday.

A bankruptcy judge is set to confirm the sale of The Philadelphia Inquirer and Philadelphia Daily News to creditors at a Thursday afternoon hearing.

But the incoming owners tell the Inquirer that unionized delivery drivers and mailers have not signed contracts and pose a strike risk that could force them to shut the company down.

The senior lenders bid about $139 million for the company, including $105 million cash plus real estate.

The company has been mired in bankruptcy since February 2009.

Calls to company and union officials were not immediately returned Thursday.


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