Businessman Katz, philanthropist Lenfest buying Philadelphia newspapers, website for $88M

  • by: MARYCLAIRE DALE , Associated Press
  • Updated: May 27, 2014 - 3:50 PM

PHILADELPHIA — Two business moguls who won control of The Philadelphia Inquirer at an insider sale Tuesday pledged to support serious journalism over so-called click-bait, but they conceded that advertising and circulation gains remain elusive.

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