Philadelphia newspaper's campaign leads to bankruptcy court dispute
Posted by Leah McBride Mensching on September 10, 2009 at 5:01 PM
Creditors have accused the Philadelphia Inquirer-Daily News' current investor group of using the paper's Web site and company Web site, philly.com, to "demonize" outside bidders before the company is set to be auctioned off in October, KYW1060.com reported Wednesday.
Bankruptcy Judge Stephen Raslavitch said the accusations are weak, while the company's lawyer said the "Keep It Local" campaign is a matter of freedom of speech, protected by the First Amendment in the United States.
Bankruptcy Judge Stephen Raslavitch said the accusations are weak, while the company's lawyer said the "Keep It Local" campaign is a matter of freedom of speech, protected by the First Amendment in the United States.
A local investment group, which supports the newspaper's chief executive, Brian Tierney, is hoping to win the company at the auction. Raslavitch said the group should pay for the campaign, but Tierney said it is done at no cost, calling them house ads.
Legal council representing both sides on Wednesday agreed to not have a hearing, and instead discuss other issues, the Inquirer reported.
Legal council representing both sides on Wednesday agreed to not have a hearing, and instead discuss other issues, the Inquirer reported.
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