The owners of Philly’s daily papers filed for Chapter 11 over the weekend, citing the need to restructure debt. Hmmm, which other newspaper operation do you know of with a crushing debt burden?
What is interesting about the Philly filing is the claim that they are fine operationally from a revenue point of view. I have no idea if that is true. But if we take it at face value, can McClatchy say the same thing?
