Real Estate Developer Eyes Philly Newspapers

Law360, New York (February 7, 2012, 6:52 PM EST) -- A Philadelphia real estate developer and four partners have come forward as the latest potential suitors for Philadelphia Media Network Inc. and the two daily newspapers that it publishes in the city, according to a Tuesday news report.

Bart Blatstein, founder of Philadelphia-based Tower Investments Inc., said his group planned to make an offer to buy some or all of the company's assets, the Associated Press reported. Those assets include the Philadelphia Inquirer, the Philadelphia Daily News and the Philly.com website.

PMN's future remains unclear, with...
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