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Philly Inky Bankrupt

There’s only one newspaper in this town. Wait, scratch that.

“The publisher of The Philadelphia Inquirer and Philadelphia Daily News said on Sunday it has filed for Chapter 11 bankruptcy, in an attempt to deal with falling advertising revenue.”

followed by a statement from the Philadelphia Inquirer:

The company’s operations are “sound and profitable,” it said in a statement.

Lil bitta cognitive dissonance ?

From:

http://www.reuters.com/article/businessNews/idUSTRE51M1M720090223

This entry was posted on Monday, February 23rd, 2009 at 5:30 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

3 Responses to “Philly Inky Bankrupt”

  1. The State Of Advertising « montnews.com Says:
    February 28th, 2009 at 6:13 pm

    [...] Print advertising is also under pressure. Newspapers have been failing at a rapid rate including some of the nations biggest and oldest. (See the Philadelphia Inquirer and Philadelphia Daily News) [...]

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    March 12th, 2009 at 8:00 pm

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