Philadelphia Newspapers Up For Auction Theresa McCabe 09/15/10 - 10:06 AM EDT NEW YORK (TheStreet) -- The auction for The Philadelphia Inquirer and Philadelphia Daily News is set for Sept. 23 after creditors missed Tuesday's deadline to complete their planned $139 million buyout. The two newspapers, run by private company Philadelphia Media, have been operating under Chapter 11 bankruptcy protection since February 2009. In April, a combination of hedge funds including Angelo Gordon and Alden Global Capital agreed to purchase the newspapers out of bankruptcy protection. The sale was not finalized due to unresolved labor contracts with the papers' truck...