H.F. “Gerry” Lenfest and businessman Lewis Katz are reportedly leading a group of local investors hoping to buy the Inquirer, the Daily News and Philly.com, according to the Inquirer.
Former Gov. Ed Rendell assembled, and was chairman of the investment group, until he asked Lenfest to take over, according to the Inquirer. It is undetermined whether or not Rendell remains involved.
Among the investors is broker George E. Norcross III from NJ and philanthropist Raymond Perelman from Philadelphia.
All of the men say they cannot comment on the developing situation and Lenfest told the Associated Press on Thursday that “nothing is in writing.”
