Bankruptcy case has cost Philadelphia Media Holdings $26M in past year

Philadelphia Daily News | Philadelphia Inquirer
These costs swamped what otherwise was a $15 million operating profit in 2009 for the Philadelphia Inquirer and Daily News, and “that’s disgraceful,” says Philadelphia Media Holdings CEO Brian Tierney. He and associates filed for bankruptcy a year ago today. || More from Tierney: “This is still the coolest business in the world.”

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