Blatstein steps up as potential Philadelphia Media Network investor

    The Philadelphia Media Network is hot property right now, which means Bart Blatstein is all over it.

    The developer has said his group of investors, Philadelphia Hometown Media LLC, wants to purchase the company that oversees the Inquirer, Daily News, and SportsWeek.

    Blatstein’s Tower Investments has already purchased the building.


    • WHYY thanks our sponsors — become a WHYY sponsor

    After news came out that stakeholder Alden Global wants to step back from Philadelphia Media Network, former Philadelphia Mayor Ed Rendell stepped up as an interested buyer last week. He brings his own group of investors to the table, including Flyers owner Ed Snider.

    Editor’s Note: The link to the Daily News post about Blatstein’s interest in the company now directs to the company’s statement on the matter. Romenesko reports the original post has been removed.

    WHYY is your source for fact-based, in-depth journalism and information. As a nonprofit organization, we rely on financial support from readers like you. Please give today.

    Want a digest of WHYY’s programs, events & stories? Sign up for our weekly newsletter.

    Together we can reach 100% of WHYY’s fiscal year goal