Tuesday, March 31, 2009

Oh yea, and the Inquirer Owes $450,000 in taxes and is going to run out of money

Not exactly Temple news but it's kinda sorta important anyways.

As reported by Philebrity
: in recent, complicated court hearings it was revealed that Philly Newspaper Inc, owner of both the Inky and the Daily News, owes $450,000 to Philadelphia for property taxes and could very well be out of money, as in zilch, by July. In case you missed it, PNI filed for chapter 11 bankruptcy a few weeks back. Hooray for journalism.

The Cherry and What would like to take this opportunity to clarify that it has no overdue taxes and release its financial records: it has generated a grand total of $2.21 in advertising revenue over the past 2 weeks. Hooray for needing to get a real job.

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