Businessman wants to buy Philadelphia Inquirer

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Associated Press

Posted on November 3, 2013 at 3:34 PM

Updated Sunday, Nov 3 at 4:33 PM

PHILADELPHIA (AP) — A multimillionaire businessman and philanthropist wants to buy the Philadelphia Inquirer, but he doesn't expect the current owners to sell.

Raymond Perelman tells the Inquirer (http://bit.ly/1hEZ64P) his goal is to end the strife between two factions that are battling in court for control of the company's three media properties.

The paper says there are no immediate signs that his offer is being considered.

The 96-year-old Perelman has pursued The Inquirer, the Philadelphia Daily News, and Philly.com before. His latest expression of interest comes amid the ongoing legal battle between co-owners George E. Norcross III and Lewis Katz, and other partners.

Earlier this week the feuding sides each offered to buy the other out of the partnership.

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