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Philadelphia Inquirers Owners Push Newspaper Back to Auction Block

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The Philadelphia Inquirer is being pushed back to the auction block by warring owners who can't agree on how to run the newspaper operation or how to break the impasse at the top of the company, Dow Jones Daily Bankruptcy Review reported today. New Jersey political power broker George Norcross III and ally Joseph Buckelew, who own 58 percent of the company that owns the Inquirer, Philadelphia Daily News and the associated digital news operation, have turned to a Delaware court for aid, saying that they are countering a move by minority owner Lewis Katz, a parking lot and sports mogul, that "presents a real risk of another bankruptcy and additional job losses" for the publications.