sentences:  On June 29, 2006, "The Inquirer" and "Daily News" were sold to Philadelphia Media Holdings LLC (PMH), a group of Philadelphian area business people, including Brian P. Tierney, PMH's chief executive.The new owners planned to spend US$5 million on advertisements and promotions to increase "The Inquirer"'s profile and readership.In the years following Philadelphia Media Holdings' acquisition, "The Inquirer" saw larger than expected revenue losses, mostly from national advertising, and continued loss of circulation.