March 31, 2012 |
The sale of The Inquirer, Philadelphia Daily News, and Philly.com will likely be announced Monday, according to several sources. A local investor group has spent much of the last two months negotiating to acquire PMN from its hedge-fund owners in a transaction valued at $55 million to $60 million, according to multiple reports. With paperwork still to be signed, delays are always possible at the 11th hour. The buyers of Philadelphia Media Network Inc. are a group of local investors, led by George E. Norcross III, executive chairman of Conner Strong & Buckelew, a South Jersey insurance brokerage; and Lewis Katz, former chairman of Interstate Outdoor Advertising.
February 18, 2012 |
Former Gov. Ed Rendell on Saturday disputed a report that he and a group of business and political leaders might not buy the company that owns The Inquirer, Philadelphia Daily News, and Philly.com, and he lashed out at critics who challenged their interest or right to own the media properties. The group's negotiations are ongoing, Rendell said in an interview with The Inquirer, and its offer was a civic gesture to save the papers. "You'd think this was the first time some political people owned a newspaper," he said.
March 14, 2011 |
Buying a fake ID on the Internet seems as legitimate as that Ugandan prince promising to send you $3 million after you wire him $3,000. Once you press a send button or drop a money order in the mail, and hundreds of dollars are flying off toward Asia or Europe, it's an international crapshoot. Don't cry to the authorities if you get burned, because they don't care. "Everybody just needs to wait until they're 21," said Mike Horan, a spokesman for New Jersey's Motor Vehicle Commission.
September 7, 2011 |
By all appearances, Waterford Township is a bucolic small town nestled on the edge of the Pinelands, a place where wood-sided houses sit under towering oaks and the same families have lived side by side for generations. But behind the town's cozy exterior, passing patrol cars are sometimes watched with suspicion, and words like vendetta and feud come up in conversation. Last fall, the discord took a modern twist with the launch of a website trading in wild gossip that once would have been aired over a cup of coffee at the local diner.
August 2, 2011 |
HARRISBURG - In a time when budget cuts and debt ceilings may make government-spending decisions seem ever more impenetrable, the State of Pennsylvania wants to make it easier for taxpayers to monitor how their tax dollars are being spent. Starting in 2013, individuals will be able to search a single online database to see what the state pays their senator's secretary, or the amount spent to repave a highway, which agency spent it, and who beat out their brother's construction firm for the contract.
January 27, 2013 |
Students enrolled at the Marlton campus of CDM Institute reported Friday that the New Jersey-based chain of technical and vocational schools appeared to have gone out of business with no warning or explanation. A sign posted Friday on the door of the Marlton location read "CDM Institute is closed," with no additional information. CDM's website offered no indication that the for-profit, nine-location chain had closed its doors, and did not say how many students were enrolled. Calls to numerous phone numbers posted on the website also went unanswered.
June 6, 2014 |
A CITY COUNCILMAN may be in hot water if he accepted charitable donations for a worthy cause but failed to alert the federal government of his philanthropic efforts. Councilman Kenyatta Johnson, whose 2nd District includes parts of Center City, Southwest and South Philadelphia, runs a group called Peace Not Guns, which aims to foster a partnership among youth, city agencies and community groups to stem gun violence. Even before he became a state representative, Johnson had a history of community service and advocacy, but a recent discovery about his self-proclaimed nonprofit organization has gotten him into some controversy.
July 12, 2012 |
The national spotlight shone on David A. Mahoney and his buddies six decades ago, when they sang as the Four Aces, four men from Delaware County whose 1950s records topped the charts. But when his performing days ended, so did his singing, his son, Blair, recalled. Not even at family gatherings? "Never. That was business. And family was family. And the two never really crossed paths. " Mr. Mahoney, 86, former owner of the David A. Mahoney Insurance Agency in Woodlyn, Delaware County, died Sunday, July 8, of complications from Alzheimer's disease at his home in Chadds Ford.
February 10, 2012 |
PAULA'S NOT SOLD on the college dating scene. Because of her workload as a Temple University biochemistry student, she's more likely to be found cracking open books in her dorm than beers at a frat party. Besides, she thinks that guys her age are, like, so immature. "I've always been attracted to older men," she said. "They've been through more and know how to treat women better. " Paula (not her real name) has a new strategy for finding potential mates, one that can also help pay her tuition.