Now that he’s killed sale of Inky, DN @buzzbissinger needs to step up and buy the papers himself. One more season of “FNL” could pay, right?
— Will Bunch (@Will_Bunch) February 19, 2012
On Saturday, blogger Laura Goldman reported that she “just ran into former Governor Ed Rendell on Locust St near 15th [and] he said, ‘I don’t think that we will buying.’” Goldman wrote:
His thin skinned buyers group probably could not take the negative publicity on their bid from Buzz Bissinger, the New York Times, and others. Bissinger, who compared Rendell to Randolph Hearst, worried about the journalistic conflicts of interest with such an investor group.
But Rendell tells the Inquirer that his group is still negotiating for the papers and philly.com; its offer, he says, is a civic gesture to save the papers. “You’d think this was the first time some political people owned a newspaper,” he says. “People are shocked that we would take over a newspaper and maybe have editorial input.”
It was reported late Friday that the nonprofit Chicago News Cooperative (CNC) is closing shop on Feb. 26, but that editor James O’Shea is talking to the Chicago Sun-Times about a possible partnership. Veteran Chicago media observer Michael Miner writes:
Though CNC employees are now looking for work, I understand that O’Shea hopes a reconstituted CNC can continue. The name commands respect and the brand surely has value. Early and Often, a paid-content political feature launched on the CNC website to monitor last year’s city elections, showed CNC that people will pay good money for tightly focused good reporting.
Miner notes that CNC has suffered “from a lack of development muscle,” and that its journalists — many of them former Tribune staffers, including James Warren — are “not much for shaking apples out of trees.”