- Associated Press - Tuesday, February 25, 2014

PHILADELPHIA (AP) - A judge presiding over the latest sale of Philadelphia’s two largest newspapers has scheduled a March hearing to decide who can bid for the company.

Interstate General Media is being sold as owners fight over control of The Philadelphia Inquirer, Philadelphia Daily News and the Philly.com website.

Majority owner George Norcross wants an auction between the two feuding ownership groups, using incremental bids.

Rival Lewis Katz wants a sealed-bid auction open to anyone.

The Newspaper Guild, which represents editorial and advertising workers, hopes to mount a bid with another investor.

Delaware Chancery Judge Donald Parsons has set a March 28 hearing date after a telephone conference Tuesday.

Meanwhile, Katz plans to appeal a Philadelphia judge’s ruling that moved the sale to Delaware, where the owners incorporated in 2012.


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