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IN RE MAXWELL NEWSPAPERS, INC.

Bankruptcy No. 91-15531(TLB).

146 B.R. 920 (1992)

In re MAXWELL NEWSPAPERS, INC. d/b/a Daily News, Debtor.

United States Bankruptcy Court, S.D. New York.

October 27, 1992.

Attorney(s) appearing for the Case

Jones, Day, Reavis & Pogue by Marc S. Kirschner, Lawrence P. Gottesman, Willis J. Goldsmith, New York City, for debtor.

Vladeck, Waldman, Elias & Engelhard, P.C. by Daniel Engelstein, James Wasserman, and Denny Chin, New York City, for New York Typographical Union No. 6.

Weil, Gotshal & Manges by Harvey R. Miller, Matthew A. Cantor, New York City, for U.S. News and World Report, L.P.

Winston & Strawn by Howard Seife, Margot A. Leffler, New York City, for Official Committee of Unsecured Creditors.

Skadden, Arps, Slate, Meagher & Flom by Michael M. Connery, New York City, for Pressmen & Drivers.

Wiseman, Hoffmann & Walzer by Andrew Sal Hoffmann, Brooklyn, N.Y., for U.S. Mailers Union.

U.S. Trustee's Office by Arthur Gonzalez, New York City.

DECISION ON DEBTOR'S MOTION TO REJECT COLLECTIVE BARGAINING AGREEMENT OF NEW YORK TYPOGRAPHICAL UNION NO. 6

TINA L. BROZMAN, Bankruptcy Judge.

The Daily News is a bleeding dinosaur. What is necessary to save this most venerable institution is its sale to an entity possessing the financial wherewithal and technical expertise to modernize it and allow it to compete in the fierce local newspaper market. Recognizing this, the Debtor's management has moved to reject...

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