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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Ex-FBI informant accused of lying about Biden family pleads guilty
A former FBI informant accused of falsely claiming that President Joe Biden and his son Hunter accepted bribes has agreed to plead guilty to federal charges, according to court papers filed Thursday.
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These 5 clever mapping upstarts do what Google Maps can’t
Fast Company, Thursday - 12/19/2024 - 05:30 AM
If you’re limiting your location exploration only to Google Maps—or Apple Maps, for that matter—you’re missing out on some incredible options. Look, Google Maps is fine. It’s arguably even great—probably one of the most-opened apps on lots of our phones and absolutely one of the most indispensable.
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China has 600 nukes already, and it wants to beat US missile defenses, the Pentagon says
Business Insider, Thursday - 12/19/2024 - 12:46 AM
China continues to make more operational nuclear warheads. Xinhua News Agency/Xinhua News Agency via Getty ImagesChina's nuclear arsenal now stands at 600 warheads, according to the Pentagon. Its new estimate means Beijing is still tracking to reach 1,000 nukes by 2030. It's not just about sheer quantity. The US says China is building a wide range of launch methods too.
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Here's what we know so far about who's working on DOGE
Business Insider, Wednesday - 12/18/2024 - 11:55 PM
President-elect Donald Trump tapped Elon Musk and Vivek Ramaswamy to lead the Department of Government Efficiency, or DOGE, in November. Brandon Bell via Getty ImagesElon Musk's DOGE has hired about 10 people so far, per Bloomberg. Boring Co. CEO Steve Davis and ex-Trump tech adviser Michael Kratsios are interviewing hires.
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Republicans scrap spending bill after pressure campaign from Elon Musk
Business Insider, Wednesday - 12/18/2024 - 10:39 PM
Republicans scrapped a spending bill that would've funded the government until mid-March. Anna Moneymaker/Getty ImagesRepublicans in Congress withdrew a spending bill after pressure from Elon Musk. The bill aimed to keep the government funded through mid-March. Trump had also called on Republicans to renegotiate the bill. Congressional Republicans scrapped a last-minute spending bill that would keep the government funded thought mid-March after a pressure campaign from Elon Musk.
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Wing and DoorDash chose a heck of a time to launch delivery drones from malls in Dallas-Forth Worth
Business Insider, Wednesday - 12/18/2024 - 09:12 PM
Wing has conducted commercial drone delivery services in the US since 2019. WingWing and DoorDash launched drone deliveries from malls in Dallas-Fort Worth this week. The launch came as drone sightings have been reported around the US, including in Texas. Wing said its drones operate during the day and have been in the Dallas-Fort Worth area since 2021.
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Perplexity AI triples its valuation in about 6 months with latest $500 million funding round
Business Insider, Wednesday - 12/18/2024 - 09:01 PM
Perplexity AI was criticized by Forbes and Wired in recent weeks. Getty/NurPhotoPerplexity AI reportedly secured $500 million in its latest funding round this month. That puts the startup's valuation at $9 billion, tripling its worth within six months. A handful of AI startups have seen its valuation skyrocket amid rapid funding rounds this year.
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Philadelphia Papers Sold

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