Philadelphia Newspaper Guild Says Papers Have a Potential Buyer

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By: Solomon Leach | philly.com

WITH THE OWNERS of the Daily News, Inquirer and Philly.com locked in a legal battle, the media company’s largest union said yesterday that it has a suitor who is potentially interested in buying the company.

The Newspaper Guild of Greater Philadelphia declined to reveal the potential buyer, but said the party is interested in purchasing the entire company or a majority stake from parent company Interstate General Media, whose owners include wealthy New Jersey businessman Lewis Katz and powerful South Jersey Democrat George Norcross.

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