By: E&P Staff
The judge overseeing the Philadelphia Newspapers bankruptcy case has banned reporters from the courtroom when a second auction is conducted next week.
Judge Stephen Raslavich of the U.S. Bankruptcy Court in Philadelphia said allowing the press into the courtroom during the auction would be “disruptive,” reports Rachel Feintzeig in The Wall Street Journal’s Bankruptcy Beat blog.
“It could lead to just pandemonium,” the blog quotes Raslavich as saying. Ironically, the Newspaper Guild is on the unsecured creditors committee so a journalist will be present. Raslavich has an answer for that, too: The reporter representative should consider himself there just as a committee member.
Raslavich ordered the second auction to take place in his courtroom so he could quickly rule on any legal hangup that occurs, and to hopefully set a faster pace than the 48-hour marathon first auction.
Read the entire Bankruptcy Beat post here.