Local Group to Buy Phila. Media Network for $55 Million

Posted
By: Mike Armstrong | philly.com

A group of local investors agreed on Monday to buy Philadelphia Media Network Inc., the parent company of The Inquirer, Philadelphia Daily News, and Philly.com, for $55 million with an additional $10 million in working capital for operations. The deal represents the fourth ownership change for the media properties in less than six years.































Comments

No comments on this item Please log in to comment by clicking here