Rep. Fattah Thanks Local Newspaper Bidders for Their Effort, Congratulates New Owners As They Assume 'Awesome Responsibility'

WASHINGTON, April 28 /PRNewswire-USNewswire/ -- Congressman Chaka Fattah (D-PA) issues the following statement upon announcement that the senior lenders to the Philadelphia Newspapers have submitted the highest bid and will assume ownership of the papers:

"I applaud the valiant effort of Gerry Lenfest, David Haas, the Perelmans, Bill Graham and others as they joined with Brian Tierney to try and keep Philadelphia's two daily newspapers in local ownership and control.

"Congratulations and welcome to the new ownership group. You have a great opportunity, and an awesome responsibility. I extend the hope that you will make the investment necessary to continue the tradition of excellence that Philadelphians expect each day from the Inquirer and the Daily News.

"Changes are coming, but the auction winners should understand that they hold a public trust as well as a private corporation. The papers have played a critical role in the public discourse and vitality of our region. This role must be allowed to continue."

SOURCE Office of Congressman Chaka Fattah

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED