PHILADELPHIA (Reuters) - An investor group led by two well-known Philadelphia-area executives could seal a deal this week to buy the Philadelphia Inquirer and Daily News newspapers for up to $600 million, a source close to the matter said on Monday. [...] After suffering through years of declining advertising revenue and flagging circulation, the titles are now likely to be sold for $500 million to $600 million to a group led by advertising executive Brian Tierney [pictured] and Bruce Toll, vice chairman of luxury home-building company Toll Brothers Inc. (NYSE:TOL - news), the source said.

We’re thinking we like this. But can we do something about his hair? It’s a little too, oh, I dunno, Donald. Plus, there may be hidden benefits: Apparently, this Tierney guy is cuckoo for Jesus and the Republican party, but like all good Republicans eventually do, Bri-Bri promises to retire from political life if the deal goes through to avoid potential conflicts of interest. How quaint. (Translation: Cheney rocks, but money rules! Awesome!) Meanwhile, you gotta love the Inky’s coverage of this thing, which we can paraphrase here: “Um, sources close to PNI, say, um, that we, I mean, no, the Inky, may be in the final stages of, um, knowing something, errr, about themselves. No, I mean, us. Shit. Can someone just fucking plunk the cash down already so we can decide if we’re gonna quit or not? Christ. Fucking fuck. Seriously.”
Yahoo: Potential Inky Buyer May Or May Not Have Slight Hints Of Friendly Delco Accent
Previously: The First Annual Philebrity “Who Will Buy The Inky?” Office Pool

This entry was posted on Monday, May 22nd, 2006 at 12:10 pm.