Tuesday, September 1, 2015

30 years and one day

30 years and one day

0 comments

 

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 Philly.com 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.

0 comments
We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy:

Philly.com comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by Philly.com staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
 
comments powered by Disqus
About this blog

Will Bunch
Also on Philly.com
letter icon Newsletter