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Partner: Philadelphia Inquirer sale will proceed as planned despite death of co-owner Katz

FILE - In this May 21, 2000 file photo, New Jersey Nets owner Lewis Katz reacts as the Nets received the first pick in the NBA draft at the NBA Draft Lottery in Secaucus, N.J. The editor of The Philadelphia Inquirer says co-owner Lewis Katz is among the seven people killed in a plane crash in Massachusetts. Bill Marimow confirmed Katz’s death to Philly.com on Sunday, June 1, 2014 saying he learned the news from close associates. The plane crashed and caught fire as it was leaving Hanscom Field while on its way to Atlantic City International Airport. Massachusetts Port Authority spokesman Matthew Brelis says there were no survivors in the crash. (AP Photo/Bill Kostroun)

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FILE - In this May 21, 2000 file photo, New Jersey Nets owner Lewis Katz reacts as the Nets received the first pick in the NBA draft at the NBA Draft Lottery in Secaucus, N.J. The editor of The Philadelphia Inquirer says co-owner Lewis Katz is among the seven people killed in a plane crash in Massachusetts. Bill Marimow confirmed Katz’s death to Philly.com on Sunday, June 1, 2014 saying he learned the news from close associates. The plane crashed and caught fire as it was leaving Hanscom Field while on its way to Atlantic City International Airport. Massachusetts Port Authority spokesman Matthew Brelis says there were no survivors in the crash. (AP Photo/Bill Kostroun)

PHILADELPHIA - A businessman says he expects the upcoming sale of The Philadelphia Inquirer to proceed despite the death of his partner in a plane crash.

Harold H.F. "Gerry" Lenfest says the $88 million deal will be delayed but will continue after the death of investing partner Lewis Katz.

Katz and Lenfest were to be equal partners in the purchase of the company that operates The Inquirer, the Philadelphia Daily News and the Philly.com website.

The deal was expected to close June 12.

Lenfest says the company will lose Katz's expertise and creativity. But, he says, "the paper will continue because we both intended to put a new CEO in charge of the day-to-day operations."

Katz and Lenfest were buying out a rival partner from their 2012 purchase of the company.

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