Philly Inquirer Owners Want Parent Company Auctioned

Law360, Los Angeles (January 3, 2014, 10:13 PM EST) -- The owners of the Philadelphia Inquirer’s parent company, already locked in litigation over the firing of the paper’s top editor, submitted rival plans Friday to dissolve the company, disagreeing on whether outside bidders should be allowed to participate.

Interstate General Media Holdings LLC co-owners Lewis Katz and H.F. “Gerry” Lenfest asked a Pennsylvania court to publicly auction the company, according to a statement from Katz’s attorney. In response, majority owner George E. Norcross III filed a petition in Delaware for the company — which owns the...
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