There are new owners at 400 North Broad Street, the historic home of the Philadelphia Inquirer and Daily News, which publish online with stand-alone sister organization Philly.com. The movement begins immediately and will likely result in a closing by the end of June.
Go here for the financial details of the auction of parent company Philadelphia Media Holdings, which was taken over by debt-holding lenders, not the existing local ownership led by Publisher Brian Tierney.
Such large daily newspapers going on the chopping block at a time of continued media fracturing makes for national news, meaning intellectual conversations have ranged from how Philadelphia now compares to other big cities like Minneapolis and why the conversation around this city is so prevalent in media circles.
It’s also meant that the Hitler film parody meme that had a swift death this very month, has been brought back in — I believe — wonderful, insider hilarity. (Aside from the missing ‘been’ on the first subtitle.)