/*Philadelphia Newspapers*/ Inc. filed for Chapter 11 bankruptcy on Sunday, citing debts of $390 million. The company said it will continue normal operations without interruption during the debt-restructuring process.
On Monday, the largest union at the company, the Newspaper Guild of Greater Philadelphia, advised its members that senior management said the union contract would be honored. The contract was reached in 2006 and lasts through Aug. 31 of this year. The union says it expects to begin negotiations for a new contract soon.
