By Dom Giordano PHILADELPHIA (CBS) – Dom Giordano talked with Garry Cobb, who is running for the Congressional seat in New Jersey’s first district against State Senator Donald Norcross. The former Eagles linebacker stated he […]
The newsrooms inside the Philadelphia Inquirer and Daily News continue to reverberate with yet new revelations about upheaval in the ownership of the media company.
A closed-door auction is scheduled Tuesday to determine the future of Philadelphia’s two largest newspapers.
The bidding will start at $77 million. That’s the minimum figure the three-person faction led by George Norcross and his rivals, Lewis Katz and Gerry Lenfest have pledged.
It’s part of on ongoing power struggle by the estranged co-owners of the Philadelphia Inquirer and Daily News.
The feuding owners fighting for control of the Philadelphia Inquirer and Daily News now know more about a potential third bidder, the Newspaper Guild. It represents reporters, photographers and others.
KYW’s Steve Tawa reports the feuding owners now jousting in a Delaware courtroom pledge to buy the other guys out.
A Delaware judge heard the owners’ disagreement over how to dissolve and sell the parent company of the Philadelphia Inquirer and Daily News.
Lawyers say judges in Philadelphia and Delaware have decided the remainder of the Inquirer-Daily News ownership case should be handled in Delaware, because the company was incorporated there.
Bill Ross, executive director of the Newspaper Guild, which represents newsroom workers, says the “company appears to be gridlocked.”
When the feud between rival ownership factions surfaced, the primary combatants — co-owners George Norcross and Lewis Katz — each owned equal shares, about 26 percent of the company.
There was yet another surprise in the lawsuit between the warring owners of the Philadelphia Inquirer.
Publisher Robert Hall once told workers the current lawsuit represents the “Allies versus Axis powers,” and they “can’t be Switzerland and sit neutral in the middle,” according to recent testimony.
Lawyers and rival owner factions at the Philadelphia Inquirer return to a City Hall courtroom this morning for more arguments, as a Common Pleas Judge tries to decide who is in charge.
Lawyers for rival owner factions at the Philadelphia Inquirer were making arguments n a Philadelphia courtroom on what they say has been “editorial interference” by the ownership group.