ANONYMOUS SOURCE: “I just learned 35 more to get canned soon — 15 photographers, 10 copy editors, 10 editorial assistants, from both papers as part of the consolidation. So rumors were true that Marimow found a way to spare all the new writers he hired.”
PREVIOUSLY: According to a report released today by Standard & Poor’s, the owner of the Philadelphia Inquirer and Daily News has received a forbearance agreement from its creditors that will run through September 10th. MORE
PREVIOUSLY: Philadelphia Media Holdings LLC lenders blocked a June 1 interest payment after the company, owner of the Philadelphia Inquirer, fell into technical default on loan covenants, Standard & Poor’s reported. MORE