Philadelphia Papers Sold

WSJ.com: US Business, Wall Street Journal: Business
Thu, 09/23/2010 - 12:37pm

Secured lenders won a do-over bankruptcy auction for

Sections: news business

Topics: acquisition auction newspaper industry newspaper industry decline newspapers raymond perelman sold

Top Editors Abruptly Leave Village Voice
Will Bourne, who became editor in chief of The Village Voice in November, and Jessica Lustig, the deputy editor since January, are leaving the weekly publication. They met with the staff at 11 a.m. on Thursday and said that Christine Brennan, executive editor of Voice Media Group, had instructed them to lay off or drastically reduce the roles of five employees on the 20-person staff. More
Britain’s Daily Mail Web Site Makes Foray Into America
Mail Online, The Daily Mail’s site, has expanded on the news and business sides with offices in New York, and coverage of celebrities in Los Angeles. More
Microsoft may buy Barnes & Noble's Nook unit for $1 billion
According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. More
Bayer to pay $1.1B for California firm Conceptus
Germany drug company Bayer AG says it intends to buy California-based Conceptus to expand its birth control offerings. Bayer said Monday it would launch a pupublicblic offer to pay $31.00 per share for all the stock in Conceptus, Inc. That means Bayer would pay $1.1 billion. More
Rare nickel coin auctioned for $3m
A century-old US five-cent coin - illegally cast, found in a car crash, deemed a fake and abandoned for decades - is sold for $3.1m at auction. More

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