Some owners of Philadelphia's two largest newspapers want to have the company auctioned in Philadelphia, while the other side is pushing for a Delaware sale.
The company operates The Philadelphia Inquirer, Philadelphia Daily News and Philly.com website.
In court papers Thursday, minority owners Lewis Katz and H.F. "Gerry" Lenfest ask for a public auction in Philadelphia.
Majority owner George Norcross is seeking a private auction in Delaware.
More than 500 unionized employees also hope to bid for an ownership stake. The company has changed hands repeatedly since 2006.
The Katz motion argues that the company doesn't have to be dissolved in Delaware just because it's incorporated there.
The Norcross group has until Wednesday to respond.
The feud broke open last year amid fights over newsroom leadership and other issues.