In other media news, a group of investors led by a public relations executive with ties to the Republican party appears to be on the verge of buying both daily newspapers in Philadelphia, the Inquirer and the Daily News. The former Knight Ridder newspapers were bought by the McClatchy newspaper chain in March and then put up for re-sale. The Newspaper Guild union also put up a bid to buy the papers in an effort to keep Philadelphia as a two-paper city. Many fear the new owners will decide to close the Daily News.