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IN RE PHILADELPHIA NEWSPAPERS, LLC

No. 09-11204 SR.

424 B.R. 178 (2010)

In re PHILADELPHIA NEWSPAPERS, LLC, et al, Debtor(s).

United States Bankruptcy Court, E.D. Pennsylvania.

January 13, 2010.

Attorney(s) appearing for the Case

Lawrence G. McMichael, Esquire, Anne Marie Aaronson, Esquire, Dilworth Paxson LLP, Philadelphia, PA, Mark K. Thomas, Esquire, Paul V. Possinger, Esquire, Peter J. Young, Esquire, Proskauer Rose LLP, Chicago, IL, for Debtors.

Douglas N. Candeub, Esquire, Morris James LLP, Wilmington, DE, for McClatchy Company.

Ben H. Logan, Esquire, O'Melveny & Myers LLP, Los Angeles, CA, Brya M. Keilson, Esquire, Eckert Seamans Cherin & Mellott, LLC, Philadelphia, PA, for Creditors Committee.

Office of the United States Trustee, George Conway, Esquire, Assistant U.S. Trustee, Philadelphia PA.

OPINION

STEPHEN RASLAVICH, Chief Bankruptcy Judge.

Introduction

Before the Court is the Debtors' Motion For an Order Rejecting Asset Purchase Agreement and Related Agreements Between Certain of the Debtors and the McClatchy Company (McClatchy).1 The Motion is opposed. After hearing held November 17, 2009, the Court took the matter under advisement. For the reasons which...

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