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Archive for “Bart Blatstein” news
It’s been a few weeks since we had a good media controversy in town. The new owners of the Philadelphia Media Network—which owns the Inquirer, Daily News, and Philly.com—are settling in quietly. Greg Osberg is gone, taking his baggage with him. Then again, Wendy Ruderman is also gone, to New York, taking some way cooler baggage with her. Which leads to a thought:Now would be a great time for Bart Blatstein to buy the Daily News.
Bart Blatstein says the casino isn't the most intriguing part of his planned North Broad development. What he's most jazzed about is going on the roof. While Blatstein's proposed casino on North Broad Street faces a lot of hurdles: Will city politicians rally behind him, or some other potential developer? For that matter, who will be the casino operator? And will the state legislature even allow Philadelphia to keep its currently unused license for a second casino? But Blatstein's momentum may pick up, shortly after he publicly unveils drawings in several weeks for the most intriguing and ambitious part of his plan: a “rooftop village.”
Bart Blatstein stirred up lots of buzz last week with his proposal to turn the iconic white tower that houses the Philadelphia Inquirer and Daily News into a casino and hotel complex. But right now the odds of a casino on North Broad Street are longer than hitting it big on the penny slot machines.The plan may sound exciting at first blush. But a number of problems surround Blatstein’s plan, including the proximity to schools and churches. Roman Catholic High, the prestigious Masterman, and Benjamin Franklin High School are all nearby. Next door is the Philadelphia School District headquarters.
Given that the future of the Inquirer, which yesterday won its 19th Pulitzer Prize, is a crapshoot, it is only fitting that the newspaper’s iconic building should house one. Literally. Place your bets, ladies and gentlemen.If local developer Bart Blatstein can swing a casino license—and that’s a big if—the 18-floor Tower of Truth will be part of a proposed casino-entertainment complex on North Broad Street.
Why all the Sturm and Drang about potential new owners for the Inquirer? Judging by recent history, whoever closes that particular dealYo won’t stick around long. On the cusp of its fifth owner in six years, the Inquirer has become the Elizabeth Taylor of daily newspapers. Don’t like the current husband-owner? Wait a while. This time, the new suitor won’t need the Krupp diamond to get to the altar.
What do you do when the big boys won't let you play in their games? You start your own. Bart Blatstein—upset that he and his team of investors has been excluded from the bid to purchase the Philadelphia Media Network—is threatening to start his own paper in Philadelphia and he's got the resources to do it. [Philly.com]UPDATE: Blatstein's group Philly Hometown Media issued a press release detailing their intentions today. They also managed to name-drop Ron Perelman for good measure. The full press release is available at Philebrity.