One faction of the split group of wealthy businessmen that bought the Philadelphia Inquirer last year has offered $29 million to buy out two owners who have been grappling for control of the newspaper's fate in court, Dow Jones Daily Bankruptcy Review reported today. New Jersey political power broker George E. Norcross III and his allies want to buy the stakes held by parking, billboard and sports investor Lewis Katz and cable TV investor H.F. "Gerry" Lenfest. The offer is "no strings attached," according to a statement released by Norcross and William P. Hankowsky, two members of the group that bought the Inquirer and its sister publication, the Philadelphia Daily News, for $55 million last year.
