PHILADELPHIA (AP) — As feuding owners fight in court for control of The Philadelphia Inquirer, the board chairman says powerful co-owner George Norcross single-handedly runs the show.
Norcross is an insurance executive and Democratic powerbroker in New Jersey. He and five other business leaders pooled $55 million to buy the troubled media company last year.
But philanthropist H.F. “Gerry” Lenfest, the board chairman, says “everything is really done (under) the direction of Norcross.”
Fellow investor Lewis Katz, the former New Jersey Nets owner, says he and Norcross bought equal shares for $16 million apiece, so they would both have to agree on major decisions.
Yet Katz says editor Bill Marimow was fired last month without his consent.
A judge must decide whether to return Marimow to the newsroom.
The hearing continues Thursday.