A faction of co-owners led by Lewis Katz and Gerry Lenfest agreed to pay $88 million for control of the parent company that owns the Philadelphia “Inquirer” and “Daily News.”
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.
Chris covers the White House Correspondents Dinner, Rob McCord’s attack ad against Tom Wolf in the race for the Democratic campaign for Governor, and Condoleezza Rice declining to speak at Rutgers University’s commencement. He talks to Phillies Manager Ryne Sandberg, former Senator Rick Santorum, and Michael Bronstein and Colin Hanna on the Monday Morning Matchup.
In a Sunday editorial, The Philadelphia Inquirer called McCord “the best in a fine field” of Democrats seeking the party’s nomination against Republican Governor Tom Corbett.
The bidding will start at $77-million dollars for ownership of the Philadelphia Inquirer and Daily News.
It’s part of on ongoing power struggle by the estranged co-owners of the Philadelphia Inquirer and Daily News.
Chris Stigall discussed Congresswoman Allyson Schwartz’s decision to make her support for the Affordable Care Act a key issue in her campaign for Governor Wednesday morning on Talk Radio 1210 WPHT.
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.
Chris reviews the Phillies stunning opening day win, the final day to enroll on healthcare.gov and talks to former Pennsylvania Senator Rick Santorum.
Dick Morris and Gary R’Nel spoke with Philadelphia Inquirer Reporter Craig McCoy, who co-authored their story last week about Pennsylvania Attorney General Kathleen Kane halting an investigation that allegedly caught many politicians, including some high ranking Democrats, accepting bribes.
Chris discusses his run in with Taylor Swift, President Obama’s appearance on Ellen, and Attorney General Kathleen Kane’s potential lawsuit against the Inquirer. He talks former CBS Reporter Sharyl Attkisson, former Minnesota Governor Jesse Ventura, Economist Jim Rickards on Finance Friday and CBS 3’s Beasley Reece.
Chris discusses the media’s coverage of Russia’s move into Ukraine, rumors the Eagles may trade Desean Jackson, and New Jersey Governor Chris Christie’s latest performance at a town hall. He talks to foreign policy expert Ed Turzanski and Tom McGrath from Philadelphia Magazine.