UPDATE: Fund Aims To Halt Philly Newspapers' Sale Amid Appeal - WSJ.com

A pension fund affiliated with the International Brotherhood of Teamsters is appealing Philadelphia Newspapers LLC's restructuring plan, which it fears will create a "financial calamity" for the union's pension beneficiaries.

After failing to block confirmation of the newspaper publisher's Chapter 11 plan of reorganization, the Teamsters Pension Trust Fund of Philadelphia & Vicinity is asking the bankruptcy court to temporarily halt that plan--which calls for the sale of the newspaper publisher to its lenders--from taking effect while the fund appeals the plan.