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    • Philly Inky Bankrupt

    There’s only one newspaper in this town. Wait, scratch that.

    “The publisher of The Philadelphia Inquirer and Philadelphia Daily News said on Sunday it has filed for Chapter 11 bankruptcy, in an attempt to deal with falling advertising revenue.”

    followed by a statement from the Philadelphia Inquirer:

    The company’s operations are “sound and profitable,” it said in a statement.

    Lil bitta cognitive dissonance ?

    From:

    http://www.reuters.com/article/businessNews/idUSTRE51M1M720090223

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