This year saw Philadelphia’s two daily newspapers change hands for the fourth time in five years, in a secretive deal that involved hedge funds, local political bosses, and the censoring of reporters’ stories.
The publisher and CEO of Philadelphia’s two biggest newspapers is stepping down.
The Philadelphia Historical Commission has approved the newspapers’ plans for a lighted marquee that will extend four feet over the sidewalk on the 800 block of Market Street.
Philadelphia’s two largest newspapers could trade hands Monday for the fifth time in six years.
Philadelphia’s newspapers are going ahead with their plan to cut the staff by ten percent. The company told the newspaper guild that 21 people took the buy-out offer by yesterday’s deadline, but it still wants to lay off 19 staffers.
Meanwhile, the union that represents workers at Philadelphia’s two major daily newspapers is challenging the layoffs.
The sale is being conducted with the kind of secrecy normally reserved for a national security event.
The Teamsters who work at Philadelphia’s two big newspapers claim management is unfairly meddling with their colleagues in the newsroom, and the potential sale of the company.
A group of Philadelphia area businessman may become the second local bidder for the Philadelphia Inquirer and Daily News.
Former Governor Rendell’s connections may bring in local investors to potentially bid for the company that owns the Philadelphia Inquirer and Daily News.
“PMN is owned by a group of hedge funds and investment banks, and because of that ownership division, PMN is always up for sale,” a spokesman for Philadelphia Media Network tells KYW Newsradio.
Hall of Fame sports columnist Bill Conlin, of the Daily News, retired abruptly Tuesday, after learning that the Philadelphia Inquirer was publishing a story containing allegations that he abused four children, including his niece, in the 1970′s.
Philadelphia Media Network is moving from 400 North Broad to the former Strawbridge’s building.
The publisher of the Inquirer and Daily News hope to attract new subscribers who aren’t used to having ink-stained fingers every morning.
The newstand price of the Philadelphia Inquirer and Daily News will be going up at the end of the month.