THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Falling ad revenue and heavy debt sink local buyers' efforts

By Keith O'Brien
Globe Staff / April 22, 2009

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The newspaper employees greeted the new owner, a local guy, with wild cheers. There were songs and champagne toasts, even dancing. Brian Tierney, an advertising executive who purchased two struggling Philadelphia newspapers in 2006, couldn't stop himself from strutting to a live band, and even cynical journalists had to smile as Tierney held a pep rally outside, complete with Philadelphia ... (Full article: 1063 words)

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