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Philadelphia Inquirer seeks bankruptcy protection

By Andrew Edgecliffe-Johnson in New York

Published: February 23 2009 07:33 | Last updated: February 23 2009 19:13

More publishers are expected to follow the owners of the Philadelphia Inquirer and New Haven Register into bankruptcy proceedings, as debt taken on in takeovers meant to mark the salvation of local US newspapers is instead triggering a run of Chapter 11 filings.

Philadelphia Newspapers announced a voluntary restructuring of its $390m of debt on Sunday, a day after a similar filing by the Journal Register, publisher of Connecticut’s New Haven Register and scores of smaller titles.

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