Saturday, April 25, 2015

Will Murdoch, Buffett buy the Press of Atlantic City?

For Sale since January

Will Murdoch, Buffett buy the Press of Atlantic City?

A South Jersey media executive tells me an announcement could come as early as today re the sale of the Press of Atlantic City newspaper, which owner John F. Bitzer 3d's Pittsburgh-based Abarta Inc. listed for sale in January. Rupert Murdoch's organization, which owns the Wall Street Journal, the New York Post, and the Fox TV networks, and billionaire Warren Buffett's media group, which owns dailies in Buffalo, Omaha and other smallish cities, are among the rumored would-be buyers.

About this blog

PhillyDeals posts raw drafts and updates of Joseph N. DiStefano's columns and stories about Philly-area finance, investment, commercial real estate, tech, hiring and public spending, which he's been writing since 1989, mostly for the Philadelphia Inquirer.

DiStefano studied economics, history and a little engineering at Penn, taught writing at St. Joe's, and has written the book Comcasted, more than a thousand columns, and thousands of articles, and raised six children with his wife, who is a saint.

Reach Joseph N. at or 215 854 5194.

Joseph N. DiStefano
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