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.
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.
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.
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.
September 22, 2014 |
Andrew J. Marsico, 40, of South Penn Square, Philadelphia, was arrested Saturday and charged with sexually assaulting an unidentified 27-year-old woman Aug. 21 in Center City, police said. A.J. Marsico is identified on the website of the Harrisburg lobbying firm Greenlee Partners as a lawyer and senior associate, who joined the firm in 1999. Marsico is charged with indecent, simple, and aggravated assault; unlawful restraint; and related offenses, police said. Efforts to reach Marsico were unsuccessful.
April 23, 2012 |
WILKES-BARRE - At one time, several amusement parks were within a short drive for Wyoming Valley residents. Now, it takes at least an hour to reach a roller coaster, and the local parks are just memories. Local enthusiasts and historians are working to make sure those memories - of days spent at Angela Park in southern Luzerne County, Hanson's Amusement Park in Harveys Lake, and others - are preserved. Jim Fichter has mint-condition Angela Park memorabilia that he sells to those looking to hold on to a piece of history.
October 22, 2014 |
T HE CITY shells out a pretty penny every year to settle lawsuits based on allegations of police misconduct. MuckRock.com, which bills itself as a "collaborative news site" that helps journalists, researchers and citizens analyze and share government documents, posted an online report yesterday that looked at how Philadelphia's annual payouts stack up against those in a handful of other large cities. The findings might not surprise you. The city has shelled out more than $40 million to settle 584 of the 1,223 police-misconduct lawsuits - think wrongful-shooting deaths, excessive force or illegal searches - filed since January 2009, the website reported.