Sale of Philadelphia Newspapers LLC Recognized as One of the Top M&A Deals of the Year

The Daily Deal recognized the sale of Philadelphia Newspapers LLC, the publisher of The Philadelphia Inquirer and Philadelphia Daily News, as one of the top 10 M&A deals of 2010. Akin Gump represented the Steering Group of Secured Lenders of Philadelphia News during the contentious chapter 11 proceedings that resulted in the all-cash sale of the publisher.