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Published Feb. 10, 2012 4:37 pm

Bart Blatstein, shut out of Philly papers bid, says his group of investors will “explore the development of a new and competing digital and print publication”:

“We remain perplexed as to why the out-of-town hedge funds which own the assets of PMN seem uninterested in hearing our ideas, or those of Raymond Perelman, concerning ways to grow the value of the print and digital content to the public as well as our ideas on valuation of the assets of PMN,” noted Bart Blatstein, one of the founding members of Philly Hometown Media. “The startling and unprecedented events of the last few days at the Inquirer and Daily News relating to censorship of coverage of our offer has caused distrust and anger among journalists locally and nationwide.”

Related: Timeline of Philly papers sale & ownership from 2006-today

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  • Reykjavik

    Isn’t this like Ralph Nader running against Al Gore in Florida? If locals were truly interested, they’d find a way to augment and partner with whomever the new owners are instead of engaging in a race to the bottom (which it will end up being).

  • Reykjavik

    Isn’t this like Ralph Nader running against Al Gore in Florida? If locals were truly interested, they’d find a way to augment and partner with whomever the new owners are instead of engaging in a race to the bottom (which it will end up being).

  • Reykjavik

    Isn’t this like Ralph Nader running against Al Gore in Florida? If locals were truly interested, they’d find a way to augment and partner with whomever the new owners are instead of engaging in a race to the bottom (which it will end up being).

  • Anonymous

    From the Philadelphia School District to the DROP pension plan to the Housing Authority to the Inquirer, Philadelphia is a corrupt enterprise. As a Letter to the Editor to the Inquirer stated this week: why would Ed Rendell buy a newspaper that he already owns. The bidding process is rigged and any sale involving Rendell will be slimy. The current newspaper management, as incompetent as they are, will remain stooges of the new management team. By the time the Inquirer blows up again, Rendell will be choosing the font for the “Rendell for Mayor” campaign.

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