MORE NATIONAL NEWS

Indian senior community part of growing niche
Appeals court allows Sept. 11 steel cross display
Despite good news, benefit programs face problems
$1,000 pill now hepatitis C treatment of choice
Conn. man cleared in killing seeks compensation
NYC uses food trucks to bring summer meals to kids
Immigration debate roils politics in ... Maine?
Study: 35 percent in US facing debt collectors
FBI defends search for Oklahoma City bombing video
Palace of 'Queen of Mean' goes on block for $65M
Judge tosses most serious charges in foiled plot
FBI: Man sent hundreds of hoax letters with powder
Lawmaker sorry he mistook US officials as Indian
NC attorney general won't defend gay marriage ban
Furor engulfs Chicago's red-light camera system
House approves bill to toughen NKorea sanctions
'Lucy' smacks down 'Hercules' in box office bout
Mayor: Times Square characters should be licensed
Storms knock down US-Mexico fence in Arizona
Obama considers large-scale move on immigration
Report: Man climbed atop basketball hoop in escape
Suspect dead, marshals and cop wounded in NYC
NY mayor: Brooklyn Bridge security breach a worry
Not in my backyard: US sending dirty coal abroad
Poker pros' cash hasn't freed betting suspects
Trial begins in case over Oklahoma City bombing
Expert testifies in Wisconsin baby kidnapping case
Cuomo defends handling of corruption panel
Tornado damages city north of Boston
Sea star disease strikes Washington marine centers



United States News
News from the region's first prime-time newscast. You'll find it First On Fox!


PHILADELPHIA NEWSPAPERS
Judge: Philly newspapers to be sold to insiders at ascending-bid auction

Reported by: Associated Press
Reported: Friday, April 25, 2014 5:18 PM EDT
PHILADELPHIA


A Delaware judge has ruled that Philadelphia's two largest newspapers will be sold at an ascending-bid auction open only to insiders.

The decision Friday is a victory for majority owner George Norcross in his fight for control of The Philadelphia Inquirer and Philadelphia Daily News.

Norcross and fellow investor Lewis Katz have been locked in a fight over how to run the company, prompting the latest sale.

Both men have pledged to open with a starting bid of $77 million, which would make their 2012 investing partners whole.

The local newspaper guild had hoped to bid with backing from an investor, but said this week they would not match that opening bid.

Katz had fought for the company to be sold at a sealed-bid auction open to anyone.










PRIME PICKS

BROOKLYN NINE-NINE
Tonight at 8:30 PM

Full Boyle
Jake intervenes in Detective Boyle's relationship; Rosa and Amy contend with a citizen who is a costumed crime-fighter; Capt. Holt has a new opponent



Get 1/2 price gift certificates

Find us on Facebook

Advertisement