It was unclear Thursday whether discussions held by H.F. “Gerry” Lenfest go beyond the theoretical at this point . But it’s now reported that he’s considered the possibility. He told Philanthropy magazine in an interview last year that non-profit ownership could be “wonderful” for newspaper organizations.
Several sources with knowledge of the situation declined to discuss it. If such a change of ownership did occur, the Inquirer would be the largest big city northern newspaper to go such a route.
There are newspapers and magazines that are owned by educational institutions and churches, although they are exceptions. Read more