Two-time Pulitzer Prize-winner Bill Marimow was unceremoniously yanked as executive editor when hedge funds took control of the papers a year and a half ago, but two days after local investors bought the paper, Marimow was rehired for his old job.
A group of powerful business leaders announced Monday they have closed a deal to purchase Philadelphia’s two largest newspapers from hedge funds for approximately $55 million, a fraction of what investors paid for them in 2006.
An announcement is expected, today, in the sale of the Philadelphia Inquirer and Daily News. A controversial group of local businessmen is likely to be the new owners.
Philadelphia’s two largest newspapers could trade hands Monday for the fifth time in six years.
The Sixers late game offense is a mess, and Evan Turner seems as lost as ever.
Chris talks about the 2008 speech from Rick Santorum about Satan, the GOP debate that will be held tonight in Arizona and Gov. Chris Christie’s budget speech yesterday in New Jersey. Chris also chats with Dr. Dan Cook from Rutgers-Camden about the possible merger of two universities in New Jersey and Tom McGrath, editor of Philadelphia Magazine about the potential sale of the Philadelphia Inquirer and Daily News.
The Inquirer and Daily News sports departments will have to work together.
Chris talks about how Santorum is catching all the heat for his beliefs but Romney, who is on the same page, is not. Chris also discusses the current rise in gas prices throughout the country and the PA Liquor Control Board and its debate whether to modernize or privatize their business. Chris also chats with Phelim McAleer about his documentary, Frack Nation.
Former Governor Rendell’s connections may bring in local investors to potentially bid for the company that owns the Philadelphia Inquirer and Daily News.
The ‘New York Post’ reported over the weekend that the owner, Philadelphia Media Network, is already meeting with potential buyers.
Philadelphia Inquirer investigative reporter Nancy Phillips was on with SportsRadio 94 WIP’s Anthony Gargano and Glen Macnow Wednesday afternoon.
Could there be a conflict of interest in the way Philadelphia’s two major papers cover city government in the future?
It’s been over a week since the Philadelphia Inquirer and Daily News released a reduced-price tablet computer bundled with digital subscriptions to the papers – billed as the first deal of its kind.
“We have lots of changes this year, including flash polls that we did around town. We also did some online polling this year,” says Editor Tom McGrath.
More people read their news digitally from either their iPhone, iPad or their Android phones. As a result, publishers of The Inquirer, Daily News and Philly.com are giving away free tablet computers to people who buy subscriptions to new digital editions of the newspapers.