Reporters and Staff at Phila. Papers Nervous About Auction
by KYW's Pat Loeb
Reporters at the Philadelphia Inquirer and Daily News find out this week who they'll be working for: will it be the local investors who currently own the paper, the banks who own the debt, or a Canadian company that owns a number of businesses?
All three have put in bids for the auction to end the papers' bankruptcy. The auction is scheduled for tomorrow and the staff is nervous.
"We've been on this roller coaster ride of doom for so long, we're kind of worn out by it."
Inquirer political reporter Tom Fitzgerald says the suspense of who will win the upcoming auction is a distraction in the newsroom:
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