Everybody at Philly newspapers will be fired May 25

EVERY employee at the Philadelphia Inquirer, the Philadelphia Daily News and Philly.com will be fired May 25. That's when the bankruptcy auction sale will be finalized for Philadelphia Newspapers, L.L.C. A group of creditors bought the media empire for $139 million.

The company that owns the properties will be dissolved and its assets transferred to the new owners and new publisher Greg Osberg. The unions say that all 4,500 will be rehired. So does the new company's Chief Operating Officer, Robert Hall.

For now.

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