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.
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.
But Lewis Katz and Gerry Lenfest say they’re not interested in selling.
A rail car loaded with 1,500-pound rolls of newsprint is at the heart of the lawsuit filed by Sarah Troester of Claymont, Del.
The Newspaper Guild was the last of the company’s 11 unions to approve a new deal, which the company said it required to remain viable.
Teamsters leader John Laigaie says the vote was 169 to 4 because his members understand the realities of a newspaper business in decline.
A city councilman wants to expand the amount of advertising that’s allowed on Philadelphia newsstands, with some of the extra revenue going to the city.
Owners of the Philadelphia Inquirer and Daily News say they expect further concessions from the unions to cut costs.
The Philadelphia Historical Commission has approved the newspapers’ plans for a lighted marquee that will extend four feet over the sidewalk on the 800 block of Market Street.
Philadelphia’s newspapers are going ahead with their plan to cut the staff by ten percent. The company told the newspaper guild that 21 people took the buy-out offer by yesterday’s deadline, but it still wants to lay off 19 staffers.
Wednesday was the deadline for employees of Philadelphia’s two major daily newspapers to decide whether to resign in exchange for a buyout payment.