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UPDATE: The Inmates Want To Buy The Daily News
By Kyle Scott
Published:
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.
Kyle Scott is the founder and editor of CrossingBroad.com. He has written for CBS Philly and Philly Voice, and been a panelist or contributor on NBC Sports Philly, FOX 29 and SNY TV, as well as a recurring guest on 97.5 The Fanatic, 94 WIP, 106.7 The Fan and other stations. He has more than 10 years experience running digital media properties and in online advertising and marketing.