A Investment forum. InvestmentBanter

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

Go Back   Home » InvestmentBanter forum » Regional » Canada
Site Map Home Register Authors List Search Today's Posts Mark Forums Read Web Partners

How much is Philadelphia Inquirer

Thread Tools Display Modes
Old September 24th 10, 08:04 PM posted to misc.invest.canada
external usenet poster
Posts: 5
Default How much is Philadelphia Inquirer

Gregory Osberg is CEO of Philadelphia Media Network.
Posted on Fri, Sep. 24, 2010

Senior lenders again buy Philly newspaper company
By Christopher K. Hepp and Joseph A. Slobodzian

Inquirer Staff Writers

The Inquirer and the Philadelphia Daily News were sold again to their
senior lenders Thursday, this time under terms that require the sale
to close with or without a contract agreement with the papers'

The lenders' bid of $105 million cash for Philadelphia Newspapers
L.L.C., which owns the papers and the website Philly.com, was
identical to its winning bid in April at the company's first auction.
The total deal is worth $139 million when the North Broad Street
headquarters plus some other incidentals are included.

The lenders' bid trumped an $85 million cash offer from a local
partnership of businessman Raymond G. Perelman and the Carpenters
Union pension fund.

Read mo http://www.philly.com/inquirer/front_page/20100924

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Great Investmeny - Philadelphia Ray Real Estate 0 January 1st 09 01:06 PM
Philadelphia Turnkey Rent PropBot Lister Real Estate 0 March 17th 07 10:22 AM
20% Equity - Philadelphia PropBot Lister Real Estate 0 January 27th 07 10:22 PM

All times are GMT +1. The time now is 06:55 PM.

Powered by vBulletin® Version 3.6.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright 2004-2019 InvestmentBanter.
The comments are property of their posters.