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March 31, 2012 | By Mike Armstrong, Inquirer Staff Writer
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.
NEWS
February 18, 2012 | By Amy Worden, Mike Armstrong, and John P. Martin, INQUIRER STAFF WRITERS
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.
NEWS
September 7, 2011 | By James Osborne, Inquirer Staff Writer
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.
NEWS
August 2, 2011 | By Sari Heidenreich, Inquirer Staff Writer
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.
NEWS
March 14, 2011 | By JASON NARK, narkj@phillynews.com 856-779-3231
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.
NEWS
August 25, 2013 | By Robert Calandra, For The Inquirer
Because the Affordable Care Act (ACA) is President Obama's signature legislation, it seems only fair that Independence Blue Cross is lifting a page from his 2012 reelection ground game to target and woo the region's uninsured. In an out-of-the-box move for health insurance marketing, Independence used data bought from a third party and supplemented with public records to create a density map of uninsured people in the region's five Pennsylvania counties, right down to their estimated income level.
NEWS
March 23, 2012 | BY JASON NARK, Daily News Staff Writer
OLD CITY is where developer Michael Yaron built his small empire in the last decade. The former Israeli soldier came to the United States with nothing, earned a doctorate from the University of Oxford in England, and later rubbed shoulders with some of Philadelphia's most powerful people. But as he walked alone the other afternoon past his buildings on North 3rd Street and on Arch, the narrow streets seemed to be closing in on him. Yaron and three others recently were found guilty of federal wire- and mail-fraud charges in a $2 million kickback scheme to get lucrative asbestos-removal contracts at a New York hospital.
NEWS
January 27, 2013 | By David O'Reilly, Inquirer Staff Writer
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.
NEWS
July 12, 2012 | By Walter F. Naedele, Inquirer Staff Writer
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.
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