Philadelphia Inquirer/Daily News lenders win auction with $105 million bid
The senior lenders outbid Raymond Perelman, father of billionaire Ronald Perelman; he declined to raise his $85 million bid. The lenders first bought Philadelphia Media Holdings for $139 million at a bankruptcy auction in April, but that sale was later nullified.

We have made it easy to comment on posts, however we require civility and encourage full names to that end (first initial, last name is OK). Please read our guidelines here before commenting.