April 29, 2010

The Lenders Win


NEW YORK - A bitter 15-month battle for ownership of the city's two daily newspapers ended Wednesday when Philadelphia Newspapers L.L.C. lost a marathon bankruptcy auction to its senior creditors.
Critical as I've been of the Brian Tierney regime that has run the paper for the past four years- and not only because they laid me off*- I would've felt better about them in charge than the bean-counters, who are certain to fire more and more people and jeopardize the two or three things the Inquirer and Daily News still do well. Namely, sports, crime, and local political coverage.

*I'm much more upset with Tierney and Co. for a multitude of things- starting with pissing away millions of dollars and local control, not to mention hiring Rick Santorum and John Yoo- then with my long-ago layoff.

Posted by Stephen Silver at April 29, 2010 12:51 AM
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