1230 Market Street,
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Architect William H. Lee designed this small, 400-seat Streamline Moderne newsreel theatre which opened November 1937 on the 1200 block of the south side of Market Street East. A sign proclaimed “Open All Night”. This was one of downtown Philadelphia’s two newsreel theatres, the other being the Trans Lux Theatre(listed as Eric’s Palace on Cinema Treasures) at 1519 Chestnut Street.
Box Office of August 20, 1938 reported that Goldman’s News Theatre was showing re-issues of films. William Goldman was a local movie theatre exhibitor.
The News Theatre closed in 1971 and along with the Palace Theatre on the same block was demolished, replaced by the opening in 1974 of the 1234 Market Street office building that adjoins the landmark PSFS office building which is at the corner of S. 12th Street and Market Street East. The PSFS building has since been converted into a hotel. The closings of these two movie theatres left the Family Theatre at 1311 Market Street East (since closed) as the only movie theatre remaining on Market Street East.
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