George Norcross Now the Majority Owner of Inquirer, Daily News, Philly.com
Posted: 12/10/2013 | By: Steve Volk | Phillymag.com
In a move that has deep ramifications for Philadelphia’s entire media ecosystem, George Norcross III has become the majority owner of the Inquirer, Daily News and philly.com.
Norcross is expected to announce his purchase of tech industry titan Kris Singh‘s shares in Philadelphia’s largest news organization later this afternoon. The move, which doubles Norcross’s holdings, figures to have massive implications for the ongoing battle for control of the papers between Norcross and Lewis Katz.