Philadelphia Newspapers looks to extend exclusivity to Dec. 4

By Caroline Salls

Pittsburgh, Oct. 13 - Philadelphia Newspapers, LLC is seeking an extension to Dec. 4 of its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a Tuesday filing with the U.S. Bankruptcy Court for the Eastern District of Pennsylvania.

The exclusive periods are currently scheduled to expire on Nov. 2.

"Because the debtors' business is large and complex, more needs to be completed in order to restructure their businesses and exit bankruptcy," the company said in the motion.

Philadelphia Newspapers, based in Philadelphia, owns The Inquirer, the Philadelphia Daily News, and Philly.com. The company filed for bankruptcy on Feb. 23, 2009, and its Chapter 11 case number is 09-11204.

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