Showing posts with label Philadelphia Media Network. Show all posts
Showing posts with label Philadelphia Media Network. Show all posts

Daily Links 7/9/2012: QlikTech sees Q2 revenue shortfall



QlikTech Announces Preliminary Second Quarter 2012 Financial Results (Businesss Wire)
QlikTech now says it expects revenue in the range of $84.0 million to $86.0 million, down from its previous forecast of $91.0 million to $96.0 million. Blames it mostly on Europe.

Qlik Issues Q2 Rev Warning, But Shares Trade Higher (Forbes)

Will Bipin Shah's $179M deal end 'rip-off' card fees? (Philly.com: Philly Deals)

UBPS to Acquire and Consolidate Three Business Payment Companies in Proposed $179 Million Transaction (Business Wire)

Inquirer, Daily News, philly.com move into new home on Market Street (Philly.com)

Verizon's cable deals make headway but regulatory doubts linger (Reuters)

Cloud Is ‘Bright Spot’ in Global IT Spending (Wall Street Journal: The CIO Report)

Selling SAP HANA: Enticing Customers—and SIs and Resellers (ASUG News)

Salesforce Is About To Buy This Two-Year Old, 12-Person Startup For $70 Million (Silicon Alley Insider: Enterprise)

ERT scoops up Invivodata for ePRO clinical trials tech (FierceBiotechIT)


PA Pushes Direct Messaging For Health Data Exchanges (Information Week)



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Daily Links 4/4/2012: Penn to lead $10 million project on computer-assisted programming



Google And Invite Media: One Year Later, DSP Looks To Global Expansion (paidContent)
Don't know if article is correct in saying Invite Media is based in Philly, although it certainly still has an office here.

Is Philadelphia in Decline? New Report Shows a City With Marked Challenges (Daily Beast)

Penn to lead $10 million project on computer-assisted programming (Physorg.com)

Unleashing Your IT Department's Strengths to Create New Business (Forbes)
By Deirdre Woods, Associate Dean and CIO of Wharton Computing and Information Technology.

New owners bring Bill Marimow back to The Philadelphia Inquirer (Poynter)
Two years ago, Osberg sacked him. Marimow will serve as Editor of the Inquirer.


Comcast Sizes Up All-IP Set-Top (Light Reading Cable)

Reed Hastings Will Get His HBO Go as Comcast Nears Deal on Xbox (New York Times: Media Decoder)

DirecTV files FCC complaint against Tribune (LA Times: Company Town)
No Phillies games via WPHL on DirecTV until this is worked out.

At Large : Hogwash and the straight dope – Comcast and Edgartown (Martha's Vineyard Times)
Love keeping up with the ongoing saga of Comcast versus Martha's Vineyard, which after all is Mr. Roberts' neighborhood.

Fisker Atlantic EVer unveiled in New York, we go eyes-on (Engadget)
But will it ever really be produced in Delaware? More on that from Philly Deals.

SAP and the Data Analytics Speed Race (New York Times: Bits)

SAP: Nomura Not Worried About Americas Prez Departure (Barron's: Tech Trader Daily)
Robert Courteau was based out of Newtown Square.

Oracle Makes Its Big Play For Analytics Leadership (Information Week)

BI, Performance Management Software Market Surpassed $12B (eWeek)

More on SAP Business One's "Multitenancy" (Jonathan Reed)

Philadelphia newspaper adds augmented reality via iPad app
Video showcases new features of its iPad-enhanced newspaper
(IT World)



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Daily Links 4/2/2012: Philadelphia Media Network sold; Dell Acquires Wyse



Local group to buy Phila. Media Network for $55 million (Philadelphia Inquirer)

Dell Buys Cloud Client Computing Company Wyse To Expand Desktop Virtualization Products (TechCrunch)
Wonder what this means for King of Prussia-based Devon IT, a key Dell supplier in this market.

Dell To Acquire Virtual Desktop Player Wyse Technology (All Things D)
One analyst pegs price at between $350 and $400 million on estimated revenue of $375 million.

Dell plans to acquire Wyse. (It's about time!) (BrianMadden.com)

Apple Jumps to #2 Position in New IDC Health Insights Life Sciences Survey; a 220% Increase Since 2009
Dell leads hardware category while Oracle maintains position as #1 software vendor of choice
(Business Wire)

SAP Celebrates 40 Years of Innovation (PR Newswire)



SAP structures specialized unit for national security clients (Washington Technology)

WorldGate files for Chapter 7 bankruptcy (phillyBurbs.com)
The end of the line for WorldGate; an interesting piece of Philly Tech history.

ICG Acquires MSDSonline, a Cloud-Based Environmental, Health and Safety Compliance Solution (Globe Newswire)
Pays $48 million for 96%.

Will telcos and MSOs lose SMEs to upstart hosted service providers? (FierceEnterpriseCommunications)

Rue La La bulks up on warehouse space (Internet Retailer)
Buys 400,000 square foot Louisville warehouse from GSI Commerce. Michael Rubin reacquires one of his old properties.



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Daily Links 3/30/2012: Sale of Philly papers expected to be announced on Monday




Philadelphia Newspapers Set to Be Sold to Local Leaders (New York Times: Media Decoder)

Announcement of sale of newspapers, website expected Monday (Philadelphia Inquirer)


New Jersey comptroller details waste by Delaware River Port Authority (Philadelphia Inquirer)
Norcross sounds like just the guy we need owning the Inquirer.


10 Questions for Scala CFO Anthony Maddalone (PC World)
Interesting interview with CFO of Exton-based Scala. He says his previous experiences with the IPO process was one thing that interested Scala, but he joined the company five years ago and I don't know if that's in the plans today (although its certainly not inconceivable).

Verizon plans wireless video service: report
CEO says offering could be ready as soon as this holiday season
(Reuters via MSNBC)
From this article, still not quite sure what this is about; will find out more. (Here is a little more of an explanation), although details are still unclear.

Apple Doesn’t Need To Make the TV of the Future
The revolution is already here—and it’s called the Xbox.
(Slate)

SunGard (Ellucian) Still Suing Cajana and NSCC (The Higher Ed CIO)

Server Flash Memory Craze Buoys Violin, Attracts SAP (Wall Street Journal: Digits)

Stroll Achieves New Revenue Milestones in 2011 (Business Wire)
Philly-based Stroll says 2011 revenue was $40 million, up from $17 million in 2010.

Fisker's Project Nina exposed ahead of New York Auto Show debut (Engadget)
Does it actually operate, or is it just a brick?

Exton-based HIT Application Solutions Secures $2.75 Million in Funding (PR Newswire)

Look at that DuckDuckGo! Daily search traffic is ballooning, up 227% in 3 months (The Next Web)

Inhabi Begins Business Incubation with Novotorium (PR Web)

A Few Early Observations On Xfinity Live! (The 700 Level)



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Daily Links 3/27/2012: More cuts loom at PMN; Comcast to offer new Cloud-based business voice service

35 more jobs in jeopardy at papers, website (Philadelphia Daily News)
Other details on possible deal.

10 years later, two members of the Rigas family that founded Adelphia maintain their innocence (Harrisburg Patriot-News)

Comcast Rolls Business Voice Into the Cloud (Light Reading Cable)

Microsoft Xbox Live to add Comcast, HBO Go today (Gigaom)

Xbox Pipes In Comcast VOD, HBO Go And MLB.TV
Microsoft Claims U.S. Xbox Live Gold Members Spend Average of 84 Hours Monthly With Service
(Multichannel News)


EPAM Systems Reports Earnings Results for Fiscal Fourth Quarter and Full Year 2011
Fourth Quarter revenues up 10.1% sequentially and 34.4% year-over-year
(Business Wire via MarketWatch)
First quarterly results for Newtown-based EPAM since going public last month. Its shares are up 20% today after beating estimates, issuing guidance.

Gartner: Software as a Service Market to Grow 17.9 Percent to $14.5 Billion (PC World)

One of the Most Powerful People in Silicon Valley? He Lives in Baltimore (PE Hub)

Millennial Media IPO drawing strong buzz(MarketWatch)

Astea International Announces Profitable Fourth Quarter and Full Year 2011 (PR Newswire)



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Highlights: Last week on Philly Tech News (3/12/2012 to 3/18/2012)



I profiled the launch of Quewey, a Philly-based business oriented Q&A site.

The Allentown Morning Call reported on the demise of Lehigh Valley-based International Battery, a startup with high hopes for making it big with rechargeable lithium-ion cells and batteries. It went through tens of millions of venture capital funding and leaves Pennsylvania on the hook for millions.

A UK publication reported that Exton-based iPipeline was in talks to acquire Assureweb, a financial services quotation portal backed by several large insurers there. When it received $71.4 million in venture funding in January, iPipeline had indicated international expansion could be one use of the funds.

Philadelphia Media Network reduced staff at the Inquirer, Daily News and Philly.com by about 40 people through a combination of buyouts and layoffs; guild management for the papers issued a letter ripping the management of Publisher Greg Osberg.

In a presentation at a forum held by the Society of Cable Telecommunications Engineers (SCTE) in Phialdelphia, Comcast SVP of strategic planning Mark Coblitz emphasized the need for cable operators and their suppliers to take energy efficiency into account in the early stages of designing processes and equipment.

The witness list is set for the Senate Judiciary Committee's antitrust subcommittee hearings on Verizon Wireless' spectrum/joint marketing agreement with a coalition of cable companies, including Comcast. The hearings are scheduled for this Wednesday afternoon.

SAP AG continued to rollout its HANA product on many fronts, including an announcement scheduled for April 10 on its database software plans. Meanwhile, some industry analysts are becoming increasingly concerned about Oracle's weaknesses. Oracle announces its quarterly earnings tomorrow (the 20th).

Philadelphia-based software firm Ascentive agreed to pay a $9.6 million settlement of a class action lawsuit for its alleged "scareware" tactics, although the company did not admit to wrongdoing.


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Daily Links 3/15/2012: Layoffs expected at Philadelphia Media Network this week, in midst of criticism



Report: Cisco Looking To Buy Interactive TV And Security Specialist NDS In $5B Deal (TechCrunch)

Cisco Bets $5B More on Video With NDS (Light Reading Cable)

Cloud player Appirio looks towards global expansion after $60 million VC round (ZDNet Blogs)

Salesforce Is Up And Running With Rypple Only Six Weeks After Buying It (Silicon Alley Insider: Enterprise)

Salesforce Unveils Human Resources Software Amid Oracle Contest (Bloomberg)


Kohl reveals witness list for Verizon-cable hearing (The Hill)

Comcast's Strategy Chief Calls a Power Play (Light Reading Cable)

March 2012 Business Outlook Survey (Philadelphia Fed)
Continued growth, optimism reported.

Philadelphia-Area Factory Index Increases to an 11-Month High (Bloomberg)

Phorum 2012 National Cloud Conference Announces Full Line-Up (PR Web)

Layoffs at Philadelphia papers to come this week (Poynter)
Updated: Guild letter rips into Osberg.
"Perhaps instead of killing stories he didn’t like about the sale of the company and trying to be seen as some sort of digital visionary by holding press conferences at the Academy of Natural Sciences, giving free rent to start-up companies who play ping pong on the 5th floor at 400 N. Broad, creating a poorly-launched tablet and worrying about apps that make a few dollars, Osberg should be focused on properly staffing the newspapers in a manner that will allow more copies to be sold. The duplication of stories in both papers and the ongoing push to dump more and more content onto Philly.com will not solve any revenue problems."

Verizon Wireless Continues to Aggressively Expand 4G LTE Network In Philadelphia Region (PR Newswire)
The timing of this release is obviously intended to coincide with the iPad 3 release; Verizon Wireless says 4G LTE now available to more than 60% of region's population.

ValueVision (ShopNBC) reports bigger loss, lower revenue in 4Q (St Paul Pioneer Press)
Comcast owns a stake in ValueVision.



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Highlights: Last week on Philly Tech News (3/5/2012 to 3/11/2012)



I reported on Bentley Systems' 2nd annual corporate update conference call; growth seems to be picking up again and the main message I took away from the call was the emphasis on China.

I wrote about Philly & New York-based Solve Media's effort to expand its CAPTCHA branding business to pre-roll advertisements for online videos.

Netflix is looking for cable operators to partner with, but Comcast quickly said it wasn't going to play that game.

The FCC signaled that it wasn't going to give Verizon Wireless and several cable operators a quick pass on their proposed spectrum sale and marketing joint venture, requesting more (unredacted) information from all parties involved.

Fortune Magazine profiled Comcast's strategy for its NBC Sports Group to double down on sports.

The New York Post broke a story that Google was looking to unload Motorola Mobility's Horsham-based set-top box business even before the acquisition was completed. Although there has been no confirmation, many industry observers would not be surprised if it were true.

PE Hub reported on SAP Ventures' plans for its next fund. SAP Co-CEO Jim Hagemann Snabe said in an interview at CeBIT that collaboration software would be the company's next product category to expand in; that doesn't necessarily require an acquisition but nonetheless his comments got the rumor mills going again. SAP also rolled out at CeBIT what it referred to as a multitenant Cloud version of its Business One ERP suite for smaller enterprises, although some analysts questioned whether it was a true multitenancy architecture.

Exton-based Scala introduced several new offerings at Digital Signage Expo 2012, including what it calls CxO Board, a digital display scoreboard that enterprise managers can use to monitor key performance metrics.

Fisker, with its plans to produce autos in Delaware delayed, had a Karma it delivered to Consumer Reports break down almost immediately on the testing grounds.

And a somewhat altered group now said to be headed by Lewis Katz and Gerry Lenfest apparently has exclusive rights to bargain for Philadelphia Media Network; Ed Rendell's position in the group is not clear at this time.

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Highlights: Last week on Philly Tech News (2/27/2012 to 3/4/2012)



I profiled the objectives, agenda and participants for the upcoming Phorum 2012 Cloud Computing Conference to be held on March 28 at World Cafe Live.

King of Prussia-based BuySide Partners (formerly A-Frame Technology Assurance) separated from A-Frame Technology Services to focus primarily on its opportunities in helping the Department of Defense improve the efficiency of its massive IT operations. I discussed BuySide Partners' plans with Managing Partner Chris Panaro.

New Jersey Tech Weekly's Esther Surden contributed an article to Philly Tech News about TechLaunch, New Jersey's first tech accelerator.

Lawrenceville, NJ-based Edison Ventures' newest fund, Edison VII, closed with $249 million raised, and as usual it hopes to invest a good portion of that in the Philly area, the Inquirer's Mike Armstrong reported.

Online advertising platform OpenX (a First Round Capital portfolio company) acquired King of Prussia-based startup LiftDNA; there is some talk that Pasadena, CA-based OpenX might be thinking about an IPO.

Philly's 3D printing and prototyping lab NextFab Studio, headed by Evan Malone, is planning a second, much larger facility on Washington Ave. in South Philadelphia, the Inquirer's Joe DiStefano reported.

A Politico reporter at a media event ran into Ed Rendell, and asked about the status of his bid for Philadelphia Media Network. He is reported to have replied that "the bids went in today" (this past Friday). Whether that quote is completely accurate or that it means there are multiple bidders is not entirely clear. As you may know, impromptu Rendell quotes may sometimes later be disavowed.



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Daily Links 3/2/2012: Report: Rendell says PMN bid is in



It’s baaaack. Net neutrality to get its day in court (Gigaom)

Ed Rendell: Philly Inquirer bid in today (Politico)
Although you must remember, Rendell is sometimes quoted as saying things he really didn't intend to say.

NextFab plans larger studio, cafe on Washington Ave. (Philly.com: Philly Deals)

East Coast venture capital firm sets sights on SaaS investments (Med City News)
On Edison Ventures.

Pa. Insurance Dept. gets $33M for health insurance exchange (Central Penn Business Journal)

MetaLayer launches community to make better infographics (exclusive) (VentureBeat)
metaLayer, currently based in DC, was in last Fall's DreamIt Ventures class in Philadelphia. It will participate in the Demo Pit at the Phorum 2012 Cloud Computing Conference in Philly on March 28.

Broadcasters don't like "tiny antennas," sue TV streaming startup (Ars Technica)
First Round Capital was an early backer of Aereo.




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Daily Links 2/17/2012: Philadelphia Media Network to merge newsrooms



Inquirer, Philadelphia Daily News, Philly.com to share newsroom (Mike Armstrong/Philadelphia Inquirer)

Inside Tennis Channel's fight with Comcast
Independent fights cable Goliath for better dial positioning
(Variety)

Ad Group: Comcast Can Keep Claiming Better HD, Faster Internet Than AT&T
Better Business Bureau's Advertising Division Says MSO Cannot Claim Telco Offers Poor Quality
(Multichannel News)


Johns Hopkins and VMware forge medical records mega-cloud
The tech is ready this time
(The Register)

The ABCs of in-memory: What is in-memory and how does HANA fit into the SAP landscape? (SearchSAP.com)
Excellent presentation (about 1/2 hour) for those wanting to understand more about HANA and the evolution of in-memory within SAP.

Note to SuccessFactors: you can stop selling yourself (Dennis Howlett/ZDNet Blogs)

Oracle and SAP given June court date for TomorrowNow retrial (Infoworld)

Suddenly, Dell is a Software Company! (ZDNet Blogs)

Futura Mobility, LLC Announces Launch and Expanded Leadership Team to Take Advantage of Rapidly Expanding Mobility Space
Futura Mobility offers complete Mobile Managed Services to enterprise clients with new IT infrastructure, investment capital and expanded senior team
(Business Wire)

Comcast Puts RFID in Data Centers to Track Assets
(RFID Journal)
Solution provided by two Philly area companies.

Software AG Helps Build “Hospital of the Future” for Nemours (Business Wire)

Squirro Launch Accelerated (PE Hub)
Startup has several QlikTech, SAP people connections.



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Daily Links 2/15/2012: Layoffs coming at PMN?; FCC pulls plug on LightSquared



Philadelphia Inquirer, Daily News could face layoffs later today (Poynter)

Comcast Reports 4th Quarter and Year End 2011 Results (Comcast Press Release)
Beats analyst estimates, although pro forma (includes last year's NBCU results) 4th quarter revenue growth was 3%; raises dividend and announces new share buyback program.

Comcast 4Q Profit Jumps On Broadband, Business Service Gains (Dow Jones Newswires via NASDAQ.com)

Comcast's Freedom Region Launches Home-Security Suite
'Xfinity Home' Available to 2.1 Million Subscribers in Philadelphia, N.J. and Delaware
(Multichannel News)

Time Warner Cable Brings Streaming Video to PCs, Macs (PC World)


FCC to pull plug on Falcone’s LightSquared (Washington Post: Post Tech)

SunGard Availability Services Announces Solution Provider Relationship with Amazon Web Services to Deliver Highly Available Cloud Computing Offerings (PR Newswire)

NextGen Healthcare Partners with Humana to Accelerate Adoption and Exchange of Electronic Health Records (Business Wire)

Aereo likely to face fight over its plans to distribute broadcast TV (LA Times: Company Town)
Aero, formerly known as Bamboom, received seed funding last year from investors including First Round Capital. It just completed a $20.5-million round of financing led by Barry Diller's IAC/InterActiveCorp. Much of that funding will probably go towards legal bills.

IBM acquires Green Hat (Ovum)
Green Hat has dual headquarters in London and Wilmington.

Product Review: SAP’s Recalls Plus App – The Crossover From Enterprise To Consumer Begins (Ray Wang/A Software Insider's Point of View)

Frontline Technologies Announces K-12 Teacher and Employee Evaluation System
(Business Wire)



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Highlights: Last week on Philly Tech News (2/6/2012 to 2/12/2012)



Questions were raised about how open Philadelphia Media Network's bidding process is after groups represented by developer Bart Blatstein and members of the Perelman family claimed they were being shut out of it. PMN (non-editorial) spokesman Mark Block actually requested that two stories about Blatstein's interest be taken down, and they were. Blatstein, who purchased the Inky building last year, threatened to start a competing paper and website. It was unclear what other bids may have been received other than one from an Ed Rendell-led group.

Oracle announced a $1.9 billion acquisition of cloud talent management vendor Taleo; some saw it as a direct response to SAP's pending SuccessFactors deal, while others wondered whether it might have had more to do with the rising competitive threat from Workday.

Newtown-based systems development outsourcer EPAM Systems, Inc. completed its IPO last week after cutting back on its offering price and size; it currently trades at $13.65 up from the initial offering price of $12, and has a market cap of $555 million.

Questions were raised concerning Fisker Automotive's viability as it faced a cash crunch when the Feds held up the balance of a $529 million loan pending a review. Fisker laid off 26 employees in Delaware and halted
subcontracting work there. The Wilmington News Journal has provided excellent ongoing coverage of Fisker's troubles.

Two Philly area companies made fairly small but potentially important acquisitions. Amazon Prime competitor ShopRunner, part of Michael Rubin's holding company, acquired California-based startup Shopsanity, which helps ecommerce shoppers keep track of data about their various purchases. And Wayne-based Kenexa agreed to acquire OutStart, a Boston-based provider of SaaS e-Learning solutions, for $38.9 million.

Bob Moul, former GM of Dell Boomi and current President of Philly Startup Leaders, got back on the entrepreneurial side by becoming chairman & CEO of Philly-based appRenaissance, a mobile app development startup.

And I wrote about a new book by Joseph Turow of Penn's Annenberg School, "The Daily You", which raises issues about how all the data being collected on us through our online activities is being used.



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Daily Links 2/10/2012: Perelman, Blatstein complain about PMN bid process (or lack of); Blatstein threatens to start his own



Report: Perelman complains he's being shut out of PMN bidding (Philadelphia Inquirer)

Blatstein: I'll start my own paper (Philadelphia Daily News)

After Motorola Deal Approval, Can Google Hardware Be Far Behind? (Time Business)

Amazon: No plans to launch a standalone video service soon (Gigaom)

NBC entertainment chief spending big bucks as pink slips loom for marketing department (Claire Atkinson/New York Post)

ShopNBC parent's stock falls hard after bad news on sale (Minneapolis / St. Paul Business Journal)
Comcast/NBC holds a minority stake in ValueVision Media.


Verizon Invested More Than Half a Billion Dollars in Pennsylvania's Wireline Communications, IT Infrastructure in 2011 (PR Newswire)
Says more than 1.5 million homes and businesses in state have access to FiOS services.

Roll up, roll up! Oracle digests Taleo (Oliver Marks/ZDNet Blogs)

Workday Talking to Bankers. The S1 Is Coming. The Revenge Is Almost Complete (PandoDaily)

SAP Cloud Integration: IT, Process and Roadmap Challenges Ahead (ASUG News)

Heart monitoring company CardioNet makes $6 million acquisition (Med City News)



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Daily Links 2/9/2012: Oracle in $1.9 billion deal with Taleo, more on Philadelphia Media Network controversey



Oracle Buys Taleo (Marketwire)
Predicted by many, $1.9 billion deal a countermove to SAP's SuccessFactors acquisition.

Oracle Buying Taleo for $1.9 Billion in Direct Hit at SAP (PC World)

News Analysis: The Implications Of Oracle’s Acquisition Of Taleo (Ray Wang/A Software Insider's Point of View)

Wharton Opens New West Coast Campus in Search of Startup Appeal (Bloomberg)

Inquirer & Daily News owners embarrass themselves, and us (Dave Davies/NewsWorks)

PMN defends pulling blog post (Philly.com)
But reporter David Gambacorta obviously disagrees.

2 Solyndras For The Price Of 1? A123 Hurt By Fisker's Woes (Eric Savitz/Forbes)

Google reportedly working on wireless home entertainment system to be sold under its own brand (Engadget)

DOJ Set To Approve Google's Acquisition Of Motorola Mobility: Report
Agency Also Set to OK Consortium's Purchase of Nortel Patents, According to WSJ
(Multichannel News)

SunGard Announces Fourth Quarter and Full-Year 2011 Results (Business Wire)

Publicis Reports 2011 Revenue Grew 7.3% to $7.7 Billion (Ad Age)
Publicis has a significant Philly area presence.

Urban Outfitters cleans up inventories, shares rise (Reuters)
Urban Outfitters' ecommerce segment is now a $500 million per year business.


Heartland Payment Systems Q4 profit tops estimates (Reuters)

BioClinica Reports Record Service Revenue for the Fourth Quarter and Year End 2011 (Business Wire)

Microsoft's plan to bring its ERP users slowly but surely to the cloud ( Mary Jo Foley/ZDNet Blogs)

Cox and CTDI Hold Grand Opening & Ribbon Cutting For New Facility in Chesapeake, VA, on Feb. 8 (PR Newswire)
CTDI is headquartered in West Chester.

Integromics Partners With FPGMX To Develop Low-Cost Methods For Clinical Genomics (Integromics Press Release)
Integromics' US operations are based in Philadelphia.



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New York Post: Philadelphia Media Network owners hire investment bankers, sales effort already underway



Tom Paine


The New York Post, following up on its breaking story about the possible sale of Philadelphia Media Network (owner of the Inquirer, Daily News and Philly.com) this past weekend, reported today that the ownership group has hired an investment banking firm, Evercore Partners, to seek out potential buyers.

The article cites sources as saying that the company has met with at least three interested parties already, and some offers are expected in the next two to four weeks. It also says that the family of Raymond Perelman, the 94-year-old Philadelphia businessman who tried to acquire the papers two years ago, is again interested in bidding.

The Post says that investment firm Angelo Gordon initiated the sales process and hoped Alden Capital would buy its 30% stake, but that Alden, which holds a similar stake, decided it wanted to sell as well.

No word from the investors or PMN on these latest reports, the Post says.

The reported price tag of $100 million, compared to the $139 million the buyout group paid to purchase the properties in late 2010, suggests that the turnaround has not been going too well, although they have profited by the sale of the old Inquirer building. See the column by former Inquirer exec Rick Edmonds in yesterday's Poynter for one perspective.

Update: The Inquirer reports that former Philly Mayor and PA Governor Ed Rendell is among those putting together a group to make a bid.


Daily Links 2/2/2012: Are investors favoring Journal Register over Philadelphia’s Inquirer, Daily News?



Are investors choosing Journal Register over Philadelphia’s Inquirer, Daily News? (Poynter)

SAP will add 500 jobs in Newtown (Delco Times)

SAP-SuccessFactors deal delayed as US regulators conduct investigation (IT World)

SAP’s Greg Tomb: We Will Be De Facto Cloud Computing Leader (Talkin' Cloud)

Sizing the SaaS M&A market (Inorganic Growth)

NetSuite Announces Fourth Quarter and Fiscal 2011 Financial Results (PR Newswire via Yahoo Finance)

Dell Forms Software Group, Names Former CA CEO as Head (PC World)
Boomi a key component.

Franken wants probe of Verizon cable deal (The Hill)

Verizon-Comcast Alliance Seeing Pushback (Video: MarketWatch)

New Tech Partner Promises To Cut Netflix Streaming Bandwidth In Half (paidContent)

Unisys wallet emptied in rebadged server, storage cash crash
Mainframe biz profit wobbles in Q4
(The Register)

Boeing-Textron V-22 Is Said to Lose $1.75 Billion in Pentagon Budget Cut (Bloomberg)

Expanded Ben Franklin TechVentures helps Pennsylvania start-ups create jobs (Ben Franklin Technology Partners: Keynotes)

Viddler Redesign Launched!!! (The Viddler Blog)

The trials of Uber (Fortune Tech)



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Daily Links 1/31/2012: Facebook reported ready to file for IPO in morning



Alden Global maneuver sets off speculation about Philly newspapers (Philadelphia Inquirer)

Facebook to file for $5 billion IPO: IFR (Reuters)

Amazon’s Sales Miss Estimates, Profit Drops 57% (Bloomberg)


Amazon S3 Reports Staggering Growth in 2011 (ReadWriteWeb)

Dell plans to expand Silicon Valley staff as it looks to innovate (Dow Jones via Total Telecom)

Unisys Announces Fourth-Quarter and Full-Year 2011 Financial Results; Third Consecutive Year of Profitability and Positive Free Cash Flow (PR Newswire)

Infor Revamps Support Services, Heightens Competition Against SAP, Oracle (CIO.com)

SAP 2011 Earnings Call with Bill McDermott (You Tube)

Internet Essentials Progress Report (Comcast Voices|Official Comcast Blog)
Enhancements in response to criticisms of program's shortcomings?

Music Choice Rebrands As 'MC'
New Logo, Brand Strategy to Span Linear, VOD and Online Properties
(Multichannel News)

Comcast snags another customer for its Metro Ethernet service (Communications, Engineering & Design Magazine)
Widener University.

Panasonic Exits US Cable Set-Top Biz (Light Reading Cable)

PSC, Drexel Light Up Cross-State Optical Link (HPC Wire)

Mobile SharePoint: Infragistics Acquires SouthLabs for End-to-End iPad, Android & Blackberry SharePoint Experience (Infragistics Blog)

Multiband calls off WPCS acquisition (Philadelphia Inquirer)



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Daily Links 11/14/2011: Philly papers moving to former Strawbridge's building






SAP open to acquisitions in Asia, to hire more in China, India (Reuters)

SAP Sapphire: New Paradigm Needed? (eWeek Europe)

SAP: Cloud success inhibited by legal matters (BusinessCloud9)

10 ways to beat SAP at the bargaining table (Computerworld)

Inquirer, Daily News moving to former Strawbridge’s building (Philadelphia Inquirer)
Trading in 525,000 square feet for 125,000.


Buffett builds $10.7 billion stake in IBM (Reuters)

Quepasa Corporation Announces Third Quarter 2011 Results (Marketwire)
First earnings report since completion of merger with myYearbook. Combined company is headquartered in New Hope.

Kenexa Announces Acquisition of Batrus Hollweg (Marketwire)

What's Cookin' at Cable-Tec Expo? (Light Reading Cable)
The 2011 Cable-Tec Expo takes place Nov. 15-17 in Atlanta. It is presented by the Exton-based Society of Cable Telecommunications Engineers (SCTE).

Decision Simulation Extends Licensing Agreement with University of Pittsburgh for Virtual Patient Platform
Updated version from University of Pittsburgh to be made commercially available by Decision Simulation in 2012
(Business Wire)



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