PHILADELPHIA INQUIRER: Former Gov. Ed Rendell says he has assembled a group of corporate and political leaders that has offered to buy the owner of The Inquirer, the Philadelphia Daily News, and Philly.com.
Rendell’s group includes New Jersey businessman Lewis Katz; Comcast-Spectacor chairman Edward M. Snider; William P. Hankowsky, chief executive of Liberty Property Trust; George E. Norcross III, insurance executive, New Jersey Democratic leader, and chairman of the board of Cooper Health System and Cooper University Hospital in Camden; and Krishna “Kris” Singh, president and chief executive officer of Holtec International in Marlton.
In a conference call with reporters, Rendell said the group was motivated to take over the financially struggling Philadelphia Media Network Inc. more out of a sense of civic duty than a desire to earn a profit… (more)
