The auction for control of The Inquirer's parent company has been scheduled for May 27, according to an attorney for one of the competing groups of owners.
After weeks of negotiations, both sides have agreed to nearly all terms, lawyer Richard A. Sprague said Friday.
Sprague represents owners Lewis Katz and H.F. "Gerry" Lenfest. The other group is led by George E. Norcross III. The men are among the five partners who own Interstate General Media Holdings L.L.C., the parent company of The Inquirer, the Philadelphia Daily News, three websites, and a printing plant.