Tags: Katz | Philadelphia | Inquirer | Crash

Co-Owner of Philadelphia Inquirer Dies in Plane Crash

Sunday, 01 Jun 2014 11:37 AM

Lewis Katz, co-owner of the Philadelphia Inquirer who won control of the newspaper last week, was among seven people killed in a private plane crash.

The Gulfstream IV jet crashed about 9:40 p.m. Saturday as it was taking off from Hanscom Field in Massachusetts for Atlantic City International Airport in New Jersey.

Inquirer editor Bill Marimow confirmed Katz’s death.

“Lewis Katz was an exceptional man, whose presence enriched the lives of everyone he came in contact with,” said Marimow in an Inquirer story.

The identities of the others on board weren’t immediately known.

Katz, the former owner of the basketball team then known as the New Jersey Nets, and Philadelphia philanthropist H.F. “Gerry” Lenfest last week won control of the Philadelphia Inquirer and its sister publication at a court-ordered auction that valued the company at $88 million.

The auction ended months of dispute between Katz and George Norcross, a New Jersey insurance executive who led an opposing majority group, over the direction of the Inquirer. Katz, Lenfest and Norcross led a group that purchased the Inquirer in 2012 for $55 million.

Last year, Katz and Norcross sued each other over the decision to fire William Marimow, the Inquirer’s editor-in-chief, a move that Norcross supported. Marimow was subsequently reinstated as top editor.

The Inquirer, founded in 1829, has won at least 18 Pulitzer Prizes. The Inquirer and the Daily News had a common owner starting in 1969, when they were bought by Knight Newspapers Inc., a chain that no longer exists.

“We all deeply mourn the loss of my true friend and fellow investor,” Lenfest said. “It is a severe loss, but I am pleased to announce that Drew Katz, Lewis’s son, will replace his father on the board of our new company.”

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Lewis Katz, co-owner of the Philadelphia Inquirer who won control of the newspaper last week, was among seven people killed in a private plane crash.
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2014-37-01
Sunday, 01 Jun 2014 11:37 AM
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