The Philadelphia Inquirer | Big Trial
Next Tuesday, the owners of The Philadelphia Inquirer, the Philadelphia Daily News and Philly.com will meet in a courtroom to determine which of them will get to keep the properties. The auction will be closed to the public and representatives of the media, David Sell reports in the Inquirer:
“Having considered the parties’ submissions, I conclude that the auction should be conducted confidentially and that the auction should be closed to everyone but the participants and the trustee,” Delaware Court of Chancery Vice Chancellor Donald F. Parsons Jr. wrote in a letter accompanying his order.
Parsons did order that the winning bidder and eventual sale price of the publishing assets be released. One group of the current owners, as well as the Newspaper Guild of Greater Philadelphia, asked for an open auction, Ralph Cipriano reports for Big Trial.… Read more