Friday, October 9, 2015

30 years and one day

30 years and one day



It was 30 years ago yesterday (in a great piece by my friend and colleague, Jack Morrison):

Staff members of what was then called The Bulletin didn't quite know what to do or what to think in the face of a disaster that they had all seen coming but were reluctant to accept.

The Bulletin closed on Jan. 29, 1982 - 30 years ago yesterday.

The newsroom at 30th and Market streets was vast and bright, with big windows letting in the light.

I don't remember what the weather was like outside, but inside the mood was uncharacteristically gloomy.

Staffers gathered in small groups to discuss the undiscussable. Some, including me, had offers, but many had no idea what the future held

Meanwhile, um, TODAY:

A minority shareholder of the parent company of The Inquirer and Philadelphia Daily News is looking to sell its 30 percent stake, according to a story in the New York Post.

Alden Global Capital, a New York hedge fund that holds interests in several newspapers, was one of 32 investors that acquired the two daily newspapers and for $139 million in October 2010.

Now the owners of Philadelphia Media Network Inc. are "in the middle of an auction" to sell the company for roughly $100 million, according to the Post story, which cited a source close to the situation.

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Will Bunch
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