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Posts Tagged ‘The Philadelphia Inquirer’

Philadelphia Inquirer, Philadelphia Daily News, Philly.com Sold for $55 Million

The two biggest papers in Philadelphia, The Philadelphia Inquirer and the Philadelphia Daily News, have been sold to a group of local business moguls. The website, Philly.com, was also part of the deal, which includes another $10 million in working capital.

Philadelphia Media Network, which filed for bankruptcy in 2009, will turn over operations to six investors who have formed the new parent company, Interstate General Media. The new leadership team includes Lewis Katz, George Norcross IIIH.F. Lenfest, Krishna Singh, William Hankowsky and Joseph Buckelew.

As part of the deal, the six investors signed an agreement that they would not interfere with the operation of the newsrooms. PMN’s CEO, Gregory Osberg, will also remain in place.

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Conde Nast’s Positive Outlook|Comcast Wants To Carry ESPN HD|Discovery’s 3D Channels Will Show Pyramids|Twitter Trend Piece Takedown|Variety.com Gets New Editor

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The Observer: After a rough 2009, it looks like Conde Nast CEO Chuck Townsend is ushering in the New Year with pep talks for every publication.

Silicon Alley Insider: Comcast is in talks to carry ESPN‘s 3D channel.

New York Times: Speaking of 3D, Discovery is set to show the pyramids and the Great Wall of China in 3D on its upcoming channels set for 2011.

Vanity Fair/CNET: A Twitter trend piece gets ripped apart for its pointlessness. At least there’s links to the subjects’ Twitter feeds now.

Variety: The Philadelphia Inquirer‘s executive online editor Chris Krewson has been named the new editor of Variety.com.

Local Newspapers Fight To Survive, But Are They Going About It The Right Way?

philadelphia.pngThis weekend, while reading Michael Sokolove‘s New York Times Magazine story about Philadelphia and its troubled newspapers, The Philadelphia Daily News and The Philadelphia Inquirer, we couldn’t help but thinking about the role that blogs are now playing in the journalistic conversation.

According to Sokolove: “Newspapers remain the primary source of news-gathering in America. And unlike so many Internet ‘sites,’ they are firmly grounded in a geographical place. To read a newspaper is to know what town you’re in.”

Is that still true? Local news Web sites are popping up all over the place and some, like NewJerseyNewsroom.com, are even created by former local newspapers employees who have been recently let go.

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