Philly Inquirer's Minority Owner Matches $77M Minimum Bid

Law360, Wilmington (April 15, 2014, 10:25 PM ET) -- A minority owner of The Philadelphia Inquirer's parent company vowed Tuesday to bid a minimum of $77 million for its publications if a Delaware Chancery judge ordered the parent dissolved via a public auction, the same baseline figure majority owners promised to pay at a proposed private auction.

At a hearing in Wilmington, minority owner Lewis Katz testified that he would match the minimum bid pledged Monday by the majority owners of Inquirer parent Interstate General Media Holdings LLC, if the court would adopt the public...
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