Businessman and philanthropist Ray Perelman and his investor son, Ronald O. Perelman, joined the group of local investors bidding to purchase Philadelphia Newspapers L.L.C. and take it out of
bankruptcy. The two join the Carpenters Union Pension Fund, philanthropist David Haas, home builder Bruce Toll and William Graham, a Philadelphia insurance company owner. The company has two
newspapers --
The Philadelphia Inquirer, The Daily News and Philly.com.
