Inside these posts: Angelo Gordon

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Court OKs Philly newspaper reorganization plan

The publisher of the Philadelphia Inquirer won court approval Monday for its bankruptcy reorganization plan, clearing the way for lenders to buy its newspaper assets for about $139 million.

U.S. Bankruptcy Judge Stephen Raslavich rejected objections by some union pension funds before approving the plan proposed by Philadelphia Newspapers LLC, which runs the Inquirer and the smaller Philadelphia Daily News. Get the full story »