Lewis Katz speaks during a news conference Monday, April 2, 2012, in 

Lewis Katz speaks during a news conference Monday, April 2, 2012, in Philadelphia. Katz is part of group of powerful business leaders that announced Monday that they have closed a deal to purchase Philadelphia's two largest newspapers from hedge funds for approximately $55 million, a fraction of what investors paid for them in 2006. (AP Photo/Matt Rourke)
Associated Press
Lewis Katz speaks during a news conference Monday, April 2, 2012, in Philadelphia. Katz is part of group of powerful business leaders that announced Monday that they have closed a deal to purchase Philadelphia's two largest newspapers from hedge funds for approximately $55 million, a fraction of what investors paid for them in 2006. (AP Photo/Matt Rourke)
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