Philly Inquirer Owners Offer $29M Buyout In Firing Suit

Law360, Philadelphia (October 30, 2013, 5:50 PM EDT) -- The Philadelphia Inquirer's majority owners offered to buy out the minority side for $29 million on Wednesday to resolve litigation over a top editor's firing that didn't comply with a governance agreement, a case that threatens to strip the troubled media group of its remaining assets.

George E. Norcross III and William P. Hankowsky, two of the partners leading a group that controls 58 percent of Interstate General Media LLC — parent of the Inquirer, the Philadelphia Daily News and Philly.com — said they wished to...
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