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OH NO: Philadelphia Newspapers File for Bankruptcy


U.S. newspapers have filed for , the latest blow for the country’s struggling newspaper industry. Newspapers, owner of The Inquirer and the , said it filed the motion Sunday to protect the company while it restructures $390 in debt. Both newspapers say they will continue publishing during the restructuring.

Philadelphia Newspapers Chief Executive Officer Brian Tierney says the restructuring is solely on the paper’s debt and not its operations. The move came a day after the Journal Company, publisher of 20 daily newspapers, also filed for bankruptcy.

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