Philadelphia Inquirer Owner Lewis Katz, Killed In Plane Crash, Was Investor In Radio's Longport Media
June 3, 2014 at 4:11 AM (PT)
PHILADELPHIA INQUIRER and DAILY NEWS and PHILLY.COM co-owner LEWIS KATZ, who died in SUNDAY's crash of a private plane in MASSACHUSETTS, was also an investor in LONGPORT MEDIA, owner of a cluster of stations in the ATLANTIC CITY market.
KATZ was a partner in LONGPORT, headed by GEORGE MILLER,which bought the five stations out of bankruptcy for $4.2 million in 2011.
KATZ, 74, who was an investor in KINNEY PARKING in NEW YORK and later owned the NEW JERSEY NETS and DEVILS, was in MASSACHUSETTS at an event at author DORIS KEARNS GOODWIN's house promoting an educational program created by GOODWIN's husband MICHAEL.
Last TUESDAY, he and former cable television system owner GERRY LENFEST won a contentious battle to buy out their partners and take full control of the INQUIRER and DAILY NEWS.