Philadelphia rapper and self-proclaimed broad street bully, Beanie Sigel was sentenced to two years in prison at the U.S. District Court in Philadelphia today, for failing to pay more than $728,000 in taxes dating back to 1999.
Damn. Hold ya head Beans!
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A group of local investors agreed on Monday to buy Philadelphia Media Network Inc., the parent company of The Inquirer, Philadelphia Daily News, and Philly.com, for $55 million with an additional $10 million in working capital for operations. The deal represents the fourth ownership change for the media properties in less than six years.
Led by businessman Lewis Katz, 70, and insurance executive and Democratic leader George E. Norcross III, 56, the group has agreed to buy PMN from a collection of hedge funds and other financial firms that have owned the daily newspapers and their related website since they emerged from bankruptcy in October 2010.
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