George Norcross becomes majority owner of the Philadelphia Inquirer, Daily News
The battle for ownership and control of the Inquirer, Daily News and philly.com has apparently come to a head, with George Norcross III winning out by buying out the shares of Kris Singh. With purchase, Norcross now takes a controlling share of the ownership, putting Lewis Katz in a minority role. The report of the sale comes from Philadelphia magazine.
The ownership battle heated up over the issue of the firing of Inquirer editor Bill Marimow – with Norcross supporting the move, and Katz opposing it. There fight has led to lawsuits and recriminations. But has not yet led to either a better philly.com website or more readers buying the papers, where news of pitcher Roy Halliday’s retirement is leading.