January 15, 2014 |
FOR MONTHS, a union representing 550 employees at the Daily News, Inquirer and Philly.com has remained neutral as a civil war raged among the investors who own the media outlets. Yesterday, Local 38010 of the Newspaper Guild sought to become a player in the endgame. The guild asked a Philadelphia Common Pleas judge to allow it and unnamed financial backers to participate in an auction of the company's assets. One faction of the owners, led by Lewis Katz, asked the court on Jan. 2 to approve a public auction to sell the company.
January 12, 2014 |
A Philadelphia judge has ordered the owners battling for control of The Inquirer's parent company to come to her courtroom Monday, and explain why she should not dissolve their partnership and approve a public auction of the company. In an order issued late Friday, Common Pleas Court Judge Patricia A. McInerney scheduled a 10 a.m. hearing on a petition filed by Lewis Katz and H.F. "Gerry" Lenfest to dissolve the 2012 partnership that formed Interstate General Media. "We asked for this expedited decision and are very pleased with this outcome," their spokesman, Jay Devine, said in an e-mail.
January 9, 2014 |
The battling owners of The Inquirer's parent company are vowing to outbid each other if the company is dissolved and put up for sale in a process that could take months. H.F. "Gerry" Lenfest said Tuesday that he and Lewis Katz have tried to recruit new investors in their bid for Interstate General Media. "We'd seek other appropriate investors who want to join us," Lenfest said in an interview, declining to elaborate. George E. Norcross III, their main rival, "has made it clear" that he, too, will bid to own the company, said his spokesman, Dan Fee. He noted that Norcross has offered to buy Katz's and Lenfest's shares at a 12 percent premium from their initial investment.
January 7, 2014 |
WHEN JULIE Liedman arrived at the Philadelphia Bulletin as a fresh-faced kid out of Penn State in 1967, she needed to learn how to be a reporter and writer for a big-city daily. Lucky for her, there was a friendly, lighthearted and supremely talented editor to help her learn the trade. Peggy Higgins was suburban editor for the Bulletin and she took Julie under her wing. A sharp contrast to some of the gruff and crusty men who ran the news operation for the newspaper that nearly everybody read, Peggy was kind and understanding.
January 5, 2014 |
TWO INVESTORS in the company that owns the Inquirer , the Daily News and Philly.com have asked different judges to approve competing plans to auction the media properties. Lewis Katz, one of five investors in Interstate General Media Holdings, filed a petition Thursday in Philadelphia Common Pleas Court to dissolve the company. George Norcross III, an investor at odds with Katz for months, filed his own petition yesterday in Chancery Court of Delaware, the state where the company was incorporated in 2012.
December 25, 2013 |
LANGHORNE What started as a journalistic exercise at Neshaminy High School may end in a courtroom. A law firm representing student newspaper editors has told school officials that the editors plan to resume their ban on printing the word redskin - and that any attempt to stop them would be unconstitutional. "The students will proceed in accordance with their published policy and, if disciplined for doing so, will take action to defend their rights," said the seven-page letter sent Friday by lawyers at Levine Sullivan Koch & Schulz.
November 27, 2013 |
THE LEGAL struggle continued yesterday between the owners of the Daily News , Inquirer and Philly.com as one side appealed a judge's order from Friday that reinstated Inquirer editor Bill Marimow. A faction of four owners, led by George Norcross III, asked the state Superior Court to consider an expedited appeal of Philadelphia Common Pleas Court Judge Patricia McInerney's ruling. In a court filing, that group said McInerney "inexplicably" ruled that Norcross and another owner, Lewis Katz, had to jointly agree on major business decisions, such as firing an editor.
November 17, 2013 |
THE LEGAL BATTLE being waged among the investors who own the Philadelphia Inquirer , Daily News and Philly.com is shaping up to answer one key question: Was Robert J. Hall acting with the traditional authority of a publisher when he fired Inquirer editor Bill Marimow on Oct. 7, or was he serving as an inside agent of owner George Norcross III? The struggle was cast in World War II terminology in court yesterday when Joseph Podraza Jr., an attorney for owners Lewis Katz and H.F. "Gerry" Lenfest, pressed Hall on the issue.
November 15, 2013 |
LEWIS KATZ said yesterday that he had never partnered with George Norcross III in a business and that he insisted on "blocking rights" for any decisions to be made when they formed a company last year to purchase the Daily News , Inquirer and Philly.com. "I wanted to make sure, since I was putting up the same amount of money as Mr. Norcross, that we have equal power in the agreement," Katz testified in Philadelphia Common Pleas Court, where he is seeking injunctions to reinstate fired Inquirer editor Bill Marimow and remove publisher Robert J. Hall from his post.
November 1, 2013 |
A FRESH ROUND of volleys was fired yesterday in the ongoing battle between warring factions of Interstate General Media, the parent company of the Daily News , Inquirer and Philly.com. George Norcross III, IGM's co-managing partner, and William Hankowsky, one of the company's managing directors, released a joint statement detailing a $29 million offer to buy out Lewis Katz, the company's other co-managing partner, and chairman H.F. "Gerry" Lenfest. The offer was rejected.