(Article updated with information on the winners of the Philadelphia newspaper auction.)NEW YORK ( TheStreet) -- A group of hedge funds, including Angelo Gordon and Alden Global Capital, outbid Raymond Perelman at the auction for The Philadelphia Inquirer and Philadelphia Daily News. The winning bid totaled $105 million, well ahead of Perelman's offer of $85 million.
Lenders Win Phila. Newspaper Auction
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