Inky For Sale Again?

KYW is reporting that the local white elephants The Philadelphia Inquirer and Philadelphia Daily News are up for sale again.

It is being alleged that Alden Global, a hedge fund that has a 30
percent stake in Philadelphia Media Network, the papers’ parent, is the
one pushing for the sale.

Alden Global owns the Journal Register Co. which is PMN’s main dead-tree competition.

Hat tip, Jim W.

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