Pa. Gov. Knocks Rival's Bid For PE-Owned Philly Papers

Law360, New York (February 23, 2012, 6:47 PM EST) -- Pennsylvania Gov. Tom Corbett took issue on Thursday with his predecessor's bid to buy two of Philadelphia's biggest newspapers from private equity owners, questioning the ethics of giving a politician control over what should be objective publications.

Allowing former Democratic governor Ed Rendell and five other private investors to purchase Philadelphia Media Network Inc. — the struggling company that owns the Philadelphia Inquirer, the Philadelphia Daily News and the website — would blur the line between fact and opinion in those publications, Corbett said in...
To view the full article, register now.