"I Think It Would Be Fun to Run a Newspaper"

If you've got some spare cash in your pocket, you might want to consider buying a brace of Philadelphia newspapers:

Groups interested in submitting bids for The Philadelphia Inquirer and the Philadelphia Daily News face a Tuesday deadline to make their offers, according to a person familiar with the process.

McClatchy Co. agreed in March to pay $4.5 billion in cash and stock to acquire San Jose, Calif.-based Knight Ridder Inc., the parent company of the Inquirer and Daily News. The deal gave Sacramento, Calif.-based McClatchy 32 additional newspapers, but the company said it would sell 12 of them, mostly because they are in slower growing markets. The exception was the St. Paul (Minn.) Pioneer Press, which is being sold because of antitrust concerns.

Groups interested in buying the Philadelphia papers must submit their bids to Sacramento, Calif.-based McClatchy by Tuesday