Philadelphia Magazine reporting George Norcross is now majority owner of Inquirer & media holdings

Steve Volk of Philadelphia Magazine is reporting that George Norcross is now the majority owner of the Philadelphia Inquirer, Daily News and Philly.com, which is already managed by his 25-year-old daughter Lexie Norcross. Volk reports that the South Jersey Democratic boss has bought out the shares of fellow owner Kris Singh, and that a formal announcement is expected later today. The purchase effectively doubles Norcross’ holdings, and is a major development in the ongoing battle between Norcross and fellow owner Lewis Katz, that went public weeks ago when Katz sued Norcross over the firing of editor Bill Marimow. Marimow was reinstated in late November by a Philadelphia judge.

This is a developing story.  

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