H.F. Gerry Lenfest

(Credit: William Thomas Cain/Getty Images)

Local Investors Buy Philadelphia Newspapers For $55M

A group of powerful business leaders announced Monday they have closed a deal to purchase Philadelphia’s two largest newspapers from hedge funds for approximately $55 million, a fraction of what investors paid for them in 2006.

04/02/2012

Follow

Get every new post delivered to your Inbox.

Join 33,907 other followers