PHILLY.COM / AP: After another tumultuous year on the job, frustrated workers at Philadelphia’s two largest newspapers vowed Monday to bid against feuding owners if the company again goes on the auction block…
They would likely compete against two wealthy owners who want to force each other out. The company changed hands five times from 2006 to 2012 and appears likely to be sold again amid the power struggle, which moved to court over the October firing of Inquirer editor Bill Marimow. A judge later returned him to the job, although his contract ends this spring.
The Philadelphia newspapers have struggled with circulation and advertising revenue over the past decade, as consumers increasingly seek out free news content online. During the same period, their various owners have spent millions of dollars on legal and bankruptcy costs… (more)
