The Philadelphia Inquirer
Lewis Katz and H.F. "Gerry" Lenfest won the English-style auction for Interstate General Media's publishing properties Tuesday, including The Philadelphia Inquirer, the Philadelphia Daily News and Philly.com. They paid $88 million, David Sell reports.
Katz and Lenfest told the court they were "trying to right what we think was a wrong" when Inquirer Editor Bill Marimow was fired. He was later reinstated by a judge. "I certainly hope to stay, and that – of course – is up to our owners," Marimow told Poynter in an email. Lenfest will serve as interim publisher, the new owners told staffers.
"[W]e are happy for the company’s employees, readers and advertisers that this issue is now resolved," said now-former owners George E. Norcross, William P. Hankowsky and Joseph E. Buckelew in a statement. "We wish Messrs. Katz and Lenfest the best of luck moving forward."
Their full statement: