6/2/2012, 12:03 AM
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This story has been updated
Developer Bart Blatstein said Friday that his investor group will consider creating its own newspaper and website if it's not allowed to join the bidding for Philadelphia Media Network, parent company of the Daily News, Inquirer, Philly.com and SportsWeek.
"With the new realities of media, I feel it's a very viable option," said Blatstein, whose investment group, Philly Hometown Media LLC, has been shut out of the bidding.
"I have received countless emails and calls from others wanting to be involved with this," he said. "There's been a lot of encouragement to do this, not just from investors but from [journalism] industry insiders."
PMN spokesman Mark Block said Friday that the company had no comment on Blatstein's announcement.
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