Judge: Philadelphia Inquirer, Daily News To Be Sold To Insiders

By Mike Dougherty

PHILADELPHIA (CBS) — The bidding will start at $77-million dollars for ownership of the Philadelphia Inquirer and Daily News.

A judge ruled Friday that the papers will be sold at auction open to insiders only.

The decision is considered a victory for majority George Norcross who has been fighting with fellow investor Lewis Katz over how to run the papers. Katz was hoping for a sealed bid auction open to anyone.

More from Mike Dougherty
Comments

Comments are closed.

More From CBS Philly

2016 Guide To Holiday Mall Hours
What's New On The Nearby Slopes

Listen Live