August 2, 2015 |
Comcast Corp. isn't commenting, nor is its news and entertainment subsidiary, NBCUniversal. But industry observers cast few doubts on reports that NBCUniversal plans to buy into BuzzFeed, one of the iconic names in new media, and raise its stake in Vox Media, owner of familiar online brands such as Verge and SB Nation. The plans were first reported by Re/code, a Vox property. Quoting unnamed sources Friday, the Wall Street Journal and the New York Times both said NBCUniversal was poised to invest $250 million in BuzzFeed - about a one-sixth stake at a $1.5 billion valuation - and raise its 14 percent ownership share in Vox. Industry analyst Jeff Kagan said Comcast's interest in new media was likely fueled when federal regulators blocked its proposed $45 billion acquisition of Time Warner Cable.
January 13, 2016 |
A crowd of about 75 people turned out at the National Constitution Center this morning as the owner of The Inquirer and its sister publications signed a ceremonial document marking his donation of the news organizations to a new media institute. "What would the city be without the Inquirer and the Daily News?" asked H.F. "Gerry" Lenfest, who until his gift was the sole owner of The Inquirer, Daily News and Philly.com website. No TV, radio or internet portal can match the news agencies in-depth coverage, he said.
July 5, 2010 |
The New Media Technology Charter School in Northwest Philadelphia is finally getting its new operating charter. It took more than a year, but with the departure of the acting board president Wednesday night, the troubled school has satisfied 23 conditions the School Reform Commission required to renew its operating charter. The SRC acted after The Inquirer reported allegations of financial mismanagement and conflicts of interest involving the school's founders in the spring of 2009.
February 13, 2014 |
EVERY NIGHT, just before he shuts his eyes, Devin Bullock squeezes her tight. And when the morning sun peers through his window near 26th and Master in North Philadelphia - she's still there. They've been through a lot together; peas in a pod, a love affair for the ages. Her name is Michelle and she has seen him through the darkest of days. He loves the contours of her body, the smoothness of her touch and that she is always faithful and true. The 6-0 senior guard for New Media has lived on his own since he was 16 years old. His mother chose a different life.
July 14, 2012 |
A U.S. district judge handed prison terms Friday to the founder of a Northwest Philadelphia charter school and its former chief executive for stealing $522,000 in taxpayer money to prop up a restaurant, a health-food store, and a private school they controlled, and for defrauding a bank. Hugh C. Clark, a lawyer who helped found New Media Technology Charter School and served for many years as its board president, was sentenced to 24 months in federal prison. Ina Walker, a career educator and the charter school's former chief executive officer, was sentenced to six months in prison.
February 16, 2016 |
No matter how solid the balance sheet, a single act of omission - the lack of succession planning - can imperil a business. Harold E. "Hal" Taussig wasn't leaving anything to chance. About 12 years before Taussig, the cofounder of Untours , a travel-planning business in Media, drew his last breath on Jan. 11 at age 91, he had started devising the structure of its second act, and that of the foundation that distributes Untours' profits to help eradicate poverty by aiding small businesses.
December 18, 2000 |
Back in January, when AOL and Time Warner were betrothed, it seemed the perfect modern media marriage. But lots has changed since then. The dot-com stock bubble has burst. Fortunes and entire companies have been wiped off the map. Even the AOL deal, which once seemed so New Media hip, was in question. No longer. Thanks to last week's approval by the Federal Trade Commission of America Online Inc.'s $111 billion acquisition of Time Warner, the largest media deal of all time is all but sure to be consummated.
December 15, 2009 |
The Philadelphia School Reform Commission has permitted a city charter school to ignore deadlines for overhauling its leadership even as a federal criminal probe of the school intensifies. In August, the commission ordered New Media Technology Charter School in Northwest Philadelphia to replace its top administrator and board chairman by Sept. 1 and to install a new board by Oct. 15 as conditions for receiving a new, five-year operating charter. Benjamin W. Rayer, the School District's top charter administrator, said he expected the changes within the next several months.
May 13, 2009 |
New Media Technology Charter School, founded in 2004 with promises to teach multimedia skills to students, failed to make payments to the state teachers' retirement system for more than a year. Its finances are so shaky that the school this year had to borrow just to make payroll. And parents say the school, with buildings in Stenton and Germantown, has failed to provide adequate books and computer technology to its middle school students. The Philadelphia School District inspector general is investigating the school's finances, according to sources with knowledge of the probe.
June 2, 2016 |
A cofounder of one of the nation's most active venture capital firms has been named board chairman of Philadelphia Media Network, which operates the Inquirer, Daily News, and Philly.com. Josh Kopelman, 45, perhaps best known as creator of Half.com, the giant used-book, movie, and music website, takes over as the company begins an ambitious effort to identify new ways of storytelling and new streams of revenue. "Great cities need a great independent source of journalism," Kopelman said Tuesday night.