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Investor group to buy Philadelphia Inquirer for $50 million

The Philadelphia Inquirer Building. A group of investors has agreed to buy the Philadelphia Inquirer and related media assets for $55 million -- less than half the price paid at a 2010 bankruptcy auction. (AFP Photo/William Thomas Cain)

A group of investors has agreed to buy the Philadelphia Inquirer and related media assets for $55 million — less than half the price paid at a 2010 bankruptcy auction. The deal announced Monday for Philadelphia Media Network, the parent company of The Inquirer, Philadelphia Daily News, and Philly.com, is…

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White cop confesses he shot himself, invented black assailant

A white police officer in Philadelphia was fired this week after confessing that he shot himself in the shoulder last month and blamed the shooting on a black assailant. According to Sgt. Robert Ralston’s original story, he stopped two men on the railroad tracks late on the night of April…

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