Philadelphia Media Network thought it had a deal after winning the papers in April, but the Teamsters have balked at the last minute. That means the Philly Inquirer and Daily News will be auctioned again, and Philadelphia Media plans to try again.
Carl Greene ran the Philadelphia Housing Authority for years with little oversight, until recent revelations about a series of scandals from sexual harassment to financial mismanagement landed him in hot water. But Greene's misdeeds may be just a symptom of the problematic culture of U.S. housing authorities.
After technology and the worst recession in decades created enormous upheaval for the newspaper industry, the parent company of Philadelphia's leading papers is on the auction block today. Will billionaire Ron Perelman emerge as the hometown hero who saves the day?
