Friday, March 16, 2012

In Philly, checking the newspaper industry's pulse

The Philadelphia Inquirer is one of the nation's largest dailies, with weekday circulation of 331,134 and Sundays at 482,457. In 2006, McClatchy sold it, along with its sister Daily News, to a local investor group after acquiring the paper with the purchase of Knight Ridder. Sale price: $515 million, along with assumption of debt.

Now, just six years later, it's on the verge of being sold again to what would be its fifth owner in as many years: another group of investors and philanthropists. Sale price: $40 million to $70 million.


  1. Several gannett people from the Courier-Post in nearby Cherry Hill went to work at Philadelphia at the time the papers left McLatchy. Most are gone now but certain nly contributed to the mess there. The Courier-post (former) ad director was one of them who was let go by the Philadelphia papers. Anyone surprised?

  2. So even Phili is Gannett's fault!!! Oh my gosh these posters are unbelievable.

  3. Look for a media partnership ala Detroit on this one.

  4. Gannett had nothing to do with anything in Philly. Someone was pointing out that former Gannett employees ended up there.


Jim says: "Proceed with caution; this is a free-for-all comment zone. I try to correct or clarify incorrect information. But I can't catch everything. Please keep your posts focused on Gannett and media-related subjects. Note that I occasionally review comments in advance, to reject inappropriate ones. And I ignore hostile posters, and recommend you do, too."

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