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    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.

    2012/04/02

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    More Layoffs Likely As Value Of Philadelphia’s News Dailies Plummets

    Senior managers who run the Philadelphia Inquirer and Daily News envision cutting even more jobs, to cut payroll and clear the deck for potential new owners.

    2012/03/27

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