May 29, 2014 |
Inquirer co-owners Lewis Katz and H.F. "Gerry" Lenfest won a private auction for the newspaper and its parent company Tuesday, ending a fractious battle for control that prompted the business' sixth ownership change in eight years. Their $88 million bid bested a group led by co-owner George E. Norcross III and was $27 million more than the partners spent two years ago to form Interstate General Media Holdings L.L.C. Held at a Philadelphia law firm and closed to the media, the auction capped months of litigation between IGM's owners and turmoil for the company, which employs about 1,800 people at The Inquirer, Philadelphia Daily News, three websites, and a printing plant in Conshohocken.
May 22, 2014 |
The hotly contested race for the Democratic nomination in the 13th Congressional District turned out to not be much of a race at all: State Rep. Brendan Boyle was declared the winner by 9:45 p.m. Tuesday. By the time all but a few polls had reported hours later, the 37-year-old from Philadelphia was celebrating a decisive victory over his closest contender, former U.S. Rep. Marjorie Margolies. "We moved forward, we kept the faith, we worked like hell, and tonight we have won," Boyle, a state legislator since 2009, told more than 100 cheering supporters at a Fraternal Order of Police lodge in Northeast Philadelphia.
April 18, 2014 |
HE'S BAAAACK! Raymond Perelman, the wealthy Philadelphia philanthropist, is interested in making a third attempt at buying the Daily News , the Inquirer , their websites and Philly.com by providing financial backing to the Newspaper Guild during an upcoming auction of the papers' parent company, Interstate General Media. Bill Ross, executive director of the Guild - which represents reporters, photographers and advertising and circulation employees - revealed Perelman's potential involvement yesterday in Delaware Chancery Court, as Judge Donald F. Parsons Jr. heard another round of arguments about how the auction should unfold.
April 17, 2014 |
WILMINGTON - Inquirer co-owner Lewis Katz testified Tuesday that he would bid at least $77 million for the newspaper's parent company, and an attorney for its largest employee union said the union's national office was prepared to do the same - if it gets to see detailed financial information about the company. The offers emerged in a second day of hearings on how and when Interstate General Media Holdings L.L.C. will be sold. Both at least matched the $77 million starting bid that co-owner George E. Norcross III pledged on Monday if a judge orders a private auction among the current IGM owners.
April 17, 2014 |
IT APPEARS as if the auction is already underway for control of the Daily News , Inquirer and Philly.com. Wealthy businessman Lewis Katz said in Delaware Chancery Court yesterday that he is prepared to match the $77 million that partner-turned-rival George Norcross has offered for Interstate General Media, parent company of the three media organizations. Katz and Norcross, the co-managing partners of IGM who want to force each other out, were back in court yesterday with a small army of lawyers, seeking to convince Judge Donald F. Parsons Jr. that their respective auction plans are in the company's best interests.
April 17, 2014 |
The coaches at West Chester University are not looking to upgrade to Division I or to leave the Pennsylvania State Athletic Conference. What they are doing as a group is supporting legislation that would take West Chester out of the state's higher education system. The real hope for the coaches is that West Chester gains autonomy in making decisions regarding athletics, and maybe that could result in more resources. Almost every Division II college, and the vast majority of those in Division I, could use more athletic revenues.
April 16, 2014 |
THE PHILADELPHIA School Partnership and PennCAN, two controversial education-reform groups, want the state's highest court to decide whether the School Reform Commission can impose work-rule changes on teachers. The two pro-school-choice organizations sought the review in an amicus brief filed yesterday with the state Supreme Court. It "is crucial for this Court to fully consider this case and breathe life into the legislative command that the [SRC] is to be empowered with the flexibility to quickly respond in times of budgetary crisis and provide for the long-term sustainability of City public education," the filing read.
April 2, 2014 |
The playing field is set - and crowded - for House of Representatives candidates in New Jersey's June 3 closed primary. On the last day of filing, former Eagles player Garry Cobb joined a small rush of others in announcing his bid for Congress in New Jersey's First District. Cobb, now a radio personality on WIP, will run as a Republican in the Democratic stronghold vacated in February by Rep. Robert E. Andrews, who served nearly 12 terms. Cobb has the backing of the Camden County Republican Party and made the announcement at the party's Cherry Hill headquarters before a small crowd of reporters and GOP leaders from Camden and Gloucester Counties.
March 30, 2014 |
Former Pennsylvania State University assistant football coach Jay Paterno, son of the late longtime head coach, said Friday afternoon he was dropping his bid for the Democratic nomination for lieutenant governor. Paterno, who shook up the race on the strength of his name alone, acknowledged that a legal challenge to his nominating petitions was likely to knock him off the ballot or at least tie him up in court. "In talking with attorneys, it has become clear that the ballot challenge could be a long process with potential decisions and appeals carrying beyond Monday's hearing," Paterno said in a statement.
March 27, 2014 |
PHILADELPHIA John Dougherty had predicted former Republican mayoral candidate Karen Brown would be booted off the ballot for Democratic committee person in his South Philadelphia ward. The party bars candidates who recently helped a non-Democrat's campaign. But Dougherty, the First Ward Democratic leader and electricians' union chief, didn't take any chances. On Tuesday he sent to court one of the region's top election lawyers, plus a handwriting expert, a political consultant, even a private eye. The party's prohibition on giving committee posts to anyone who backed a non-Democrat within the last two years would also derail Brown's bid to unseat Dougherty as ward leader.