By Wyatt Earp | February 23, 2009
Oh, that’s a shame.
The owner of The Philadelphia Inquirer and Philadelphia Daily News has filed for bankruptcy.
Philadelphia Newspapers Inc. filed for Chapter 11 protection Sunday.
PNI is owned by Philadelphia Media Holdings LLC. It is the second newspaper company in two days, and fourth in recent months, to seek bankruptcy protection. The Journal Register Co. filed for Chapter 11 on Saturday. The Chicago-based Tribune Co. sought bankruptcy protection in December, and The Star Tribune of Minneapolis followed suit last month.
Doesn’t that tell you something? Newspapers are going the way of the dinosaur, and a lot of that has to do with the writing slant at the outlets.
A phone message left for a Philadelphia Media Holdings spokesman was not immediately returned. (H/T - CBS3)
That’s because they can’t afford to pay their phone bills. Heh. If it appears that I am gleefully taking in this news, I’m sorry, but I will not apologize. You can count the honest, hard-working writers at both papers on one hand. If they spent more time practicing their craft instead of writing to suit their liberal agenda, they would probably still be making money.
Good riddance to bad rubbish.
Topics: Snarkasm |