William P. Hankowsky speaks during a news conference Monday, April 2, 2012, in Philadelphia. Hankowsky 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
William P. Hankowsky speaks during a news conference Monday, April 2, 2012, in Philadelphia.  Hankowsky 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)
William P. Hankowsky speaks during a news conference Monday, April 2, 2012, in Philadelphia. Hankowsky 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)
View Comments (0)