UPDATE: The Inmates Want To Buy The Daily News

The guild is the union that counts writers, advertising staff and others as its members. They are, apparently, making a bid – token or otherwise – at buying the Daily News from Philly Media Network. It’ll be interesting to see how they would intend on structuring that, but I can’t see a scenario in which having a stake in a dying tabloid newspaper would be a good decision for anyone on the buying side.

Amy Buckman – former 6 ABC-er and current Inquirer, Daily News and Philly.com spokesperson – says PMN has no interest in selling the Daily News.

If someone could explain to me either side’s thinking here, that would be great.

UPDATE: Joel Mathis has the full report:

“We would like to commence negotiations for a sale of the Daily News immediately,” Lisa A. Lori, the guild’s attorney, wrote in a Thursday letter (below) to Terry Eggers, the new publisher at Philadelphia Media Network, which owns the paper.

Such a purchase, she wrote, “will help mitigate the loss of employment for a substantial number of individuals and it will help PMN shed an asset that, based on the number of layoffs of Daily News employees … it appears PMN has little interest in.”

Yes, because it’s a dying product held onto by nostalgic dinosaurs.

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6 Responses

  1. Fear of letting go and having to find their way. It’s seems easier to go back even if it’s not a logical choice? We get a newspaper at work ever day. I think the last time I picked it up was 2008 and I’m dialed in

  2. Here is the deal

    Will Bunch and Howard Gensler are behind the bid. He and his PennPals are the backers.
    Jenice Armstrong to do a SEXY SINGLE every day.
    Johnny Tannenwald to be his 24/7/365 blogger and tweeter
    Marcus Hayes gets put out to pasture.
    Boop Vetrone gets a spa treatment
    Mike Kern goes back to HS to learn “should have gone” rather than “should have went”
    Dick Jerardi assigned to PennNational for every race for the rest of his life

  3. “Yes, because it’s a dying product held onto by nostalgic dinosaurs.”

    And it still breaks more stories than you. How does that make you feel?

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