One of two business moguls who gained full control of the the Philadelphia Inquirer last week died in a plane crash Saturday night in Massachusetts.
Lewis Katz, 72, a founding partner of the Cherry Hill law firm of Katz, Ettin & Levine, was one of seven people killed on a flight that departed from Hanscom Field in Bedford, Massachusetts for Atlantic City International Airport Saturday night. The plane crashed on takeoff.
Inquirer editor Bill Marimow confirmed the death Sunday morning.
Katz and H.F. "Gerry" Lenfest bought out their other partners for $88 million for full control of the news operation, outbidding a group led by Democratic powerbroker George Norcross.
Katz once owned the NBA's New Jersey Nets and the NHL's New Jersey Devils. He presided over the transformation of the Nets from an also-ran franchise in the late 1990s to a two-time Eastern Conference champion a decade ago. He also was instrumental in the creation of the Yankees Entertainment and Sports Network (YES).