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Sports

Philadelphia Inquirer co-owner Lewis Katz, who bought New Jersey Nets and Devils, dies at 72

Associated Press
Published | Updated
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    FILE - In this Oct. 28, 2013 file photo, Lewis Katz speaks with members of the media as he walks from Judge Patricia McInerney's courtroom at City Hall in Philadelphia. 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/Matt Rourke) (The Associated Press)

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    In this April 12, 2010 photo, New Jersey Nets owners Lewis Katz, right, and Bruce Ratner sit courtside at an NBA basketball game against the Charlotte Bobcats in East Rutherford, 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) (The Associated Press)

PHILADELPHIA – Lewis Katz, who made his fortune in the parking lot business and went on to buy basketball's New Jersey Nets, hockey's New Jersey Devils and The Philadelphia Inquirer, has died in a plane crash. He was 72.

Katz died Saturday night in a Massachusetts crash that claimed six other lives. His death was confirmed Sunday by his son, Drew, and his business partner Harold H.F. "Gerry" Lenfest.

Katz grew up in Camden, New Jersey, and made his fortune investing in the Kinney Parking empire and the Yankees Entertainment and Sports Network in New York.

Katz donated tens of millions of dollars to Temple University, a Camden charter school and various Jewish causes.

His death comes days after he and Lenfest agreed to pay $88 million to take control of the Inquirer's parent company.