Common Pleas Judge Patricia McInerney said Wednesday that lawyers for George Norcross and Lewis Katz were holding talks. Norcross was expected to testify but his side instead rested before the judge recessed the hearing so the two sides could negotiate
Katz and co-owner H.F. "Gerry" Lenfest sued Norcross last month over the firing of veteran editor Bill Marimow, whom he supports. Norcross wants new leadership.
Both men invested $16 million apiece toward the $55 million purchase of the media properties in April 2012, and hold 26 percent stakes.