Sun Jun 1, 2014 10:08am EDT
Lewis Katz, Co-Managing Partner, Philadelphia Media Network and former owner of the New Jersey Nets NBA basketball team and the New Jersey Devils NHL hockey team, takes part in a panel discussion titled ''Inside the Front Office: A Look at the Business of Sports'' at the Milken Institute Global Conference in Beverly Hills, California May 2, 2012.
Credit: Reuters/Danny Moloshok
<span id="articleText"/>(Reuters) - Lewis Katz, the co-owner of the Philadelphia Inquirer newspaper, was among seven people killed when a private jet caught fire and crashed as it tried to take off near Boston, the newspaper said Sunday.
<span id="midArticle_0"/>Katz, 72, also co-owned Philadelphia's Daily News and Philly.com, and was formerly the owner of the professional basketball team, the New Jersey Nets, and professional hockey team the New Jersey Devils, the paper said on its website.
<span id="midArticle_1"/>"We've lost a great friend," Inquirer editor Bill Marimow said in a statement to the newspaper.
<span id="midArticle_2"/>The names of the other six victims killed in the Saturday night plane crash at Hanscom Field in Bedford, Massachusetts, about 20 miles (35 kms) northwest of Boston have not been released.
<span id="midArticle_3"/>The Gulfstream IV, en route to Atlantic City, was reported to have caught fire as it tried to lift off around 9.40 p.m. local time, the Federal Aviation Administration said.
<span id="midArticle_4"/>It was unclear what caused the plane to burst into flames, an FAA spokesman said. The National Transportation Safety Board would investigate the crash.
<span id="midArticle_5"/>Katz and business partner H.F. Lenfest last week bought out their partners for $88 million, gaining control of the media company that owns the Inquirer.
<span id="midArticle_6"/>"We all deeply mourn the loss of my true friend and fellow investor in ownership of The Philadelphia Inquirer, The Daily News and Philly.com," Lenfest told the newspaper.
<span id="midArticle_7"/>"It is a severe loss, but I am pleased to announce that Drew Katz, Lewis's son, will replace his father on the board of our new company," he said.
<span id="midArticle_8"/>Hanscom Field was closed on Saturday night to remove debris and investigate the crash, an FAA official said.
<span id="midArticle_9"/>Sharon Williams, the Hanscom Field director, said that families of the victims were being notified and more information would be released as it became available.
<span id="midArticle_10"/><span id="midArticle_11"/><span id="midArticle_12"/>(Reporting by Jon Herskovitz; Editing by Mark Heinrich)
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Credit: Reuters/Danny Moloshok
<span id="articleText"/>(Reuters) - Lewis Katz, the co-owner of the Philadelphia Inquirer newspaper, was among seven people killed when a private jet caught fire and crashed as it tried to take off near Boston, the newspaper said Sunday.
<span id="midArticle_0"/>Katz, 72, also co-owned Philadelphia's Daily News and Philly.com, and was formerly the owner of the professional basketball team, the New Jersey Nets, and professional hockey team the New Jersey Devils, the paper said on its website.
<span id="midArticle_1"/>"We've lost a great friend," Inquirer editor Bill Marimow said in a statement to the newspaper.
<span id="midArticle_2"/>The names of the other six victims killed in the Saturday night plane crash at Hanscom Field in Bedford, Massachusetts, about 20 miles (35 kms) northwest of Boston have not been released.
<span id="midArticle_3"/>The Gulfstream IV, en route to Atlantic City, was reported to have caught fire as it tried to lift off around 9.40 p.m. local time, the Federal Aviation Administration said.
<span id="midArticle_4"/>It was unclear what caused the plane to burst into flames, an FAA spokesman said. The National Transportation Safety Board would investigate the crash.
<span id="midArticle_5"/>Katz and business partner H.F. Lenfest last week bought out their partners for $88 million, gaining control of the media company that owns the Inquirer.
<span id="midArticle_6"/>"We all deeply mourn the loss of my true friend and fellow investor in ownership of The Philadelphia Inquirer, The Daily News and Philly.com," Lenfest told the newspaper.
<span id="midArticle_7"/>"It is a severe loss, but I am pleased to announce that Drew Katz, Lewis's son, will replace his father on the board of our new company," he said.
<span id="midArticle_8"/>Hanscom Field was closed on Saturday night to remove debris and investigate the crash, an FAA official said.
<span id="midArticle_9"/>Sharon Williams, the Hanscom Field director, said that families of the victims were being notified and more information would be released as it became available.
<span id="midArticle_10"/><span id="midArticle_11"/><span id="midArticle_12"/>(Reporting by Jon Herskovitz; Editing by Mark Heinrich)
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