UPDATE: Bart Blatstein Wants to Buy the Inky, Too

Another Philly power player is getting his ducks in a row with the hopes of acquiring the city’s daily newspapers. Developer Bart Blatstein has assembled a number of investors under the umbrella of Philly Hometown Media LLC. The group released a statement indicating that they want to purchase the Philadelphia Media Network and plan to turn the Inquirer and Daily News into profitable enterprises that engage the public. Isn’t that what the Interwebz is for? [Daily News]

UPDATE: Sike! The Daily News killed the story about the Blatstein group trying to scoop up the Philadelphia Media Network. Luckily, there’s still a portion of the original post on Jim Romenesko’s site. Hooray for the Internets! [Jim Romenesko]