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Katz/Lenfest Pay $88 Million for Philadelphia Newspapers

With Philly newspapers' sale ending owners' feud, speculation turns to 'what comes next' (via NewsWorks)

Philadelphia's two biggest newspapers were sold Tuesday morning for the fifth time since 2006. Businessman Lewis Katz and philanthropist H.F. "Gerry" Lenfest made the winning bid of $88 million, allowing them to take control of the company. Katz said…

 

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