Pursuits
Philadelphia Inquirer Buyer Said to Cancel Purchase
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A deal to sell the Philadelphia Inquirer newspaper fell apart because of a dispute with the Teamsters union, forcing the bankrupt publisher to hold a new auction, a person familiar with the standoff said today.
Philadelphia Newspapers LLC, the company that controls the Inquirer and the Philadelphia Daily News, will file court papers this afternoon seeking a new auction, said the person, who declined to be identified because the plan isn’t yet public.