A wealthy developer is vowing to open a rival newspaper unless he can bid on The Philadelphia Inquirer and Philadelphia Daily News. The company operates the publications and the Philly.com website. Creditors paid $139 million for the newspapers at a 2010 bankruptcy auction, but have not said if they'll sell. But former Democratic Gov. Ed Rendell said last week that an investment group he leads - including Philadelphia Flyers owners Ed Snider and New Jersey Democratic figure George Norcross - filed papers and planned to bid. Blatstein says he has money to fund a newspaper for the long haul.