| Company type | Public-benefit corporation |
|---|---|
| Industry | Mass media |
| Founded | 2010 (2010) |
| Headquarters | Philadelphia,Pennsylvania, U.S. |
Key people | Josh Kopelman (Chairman) Elizabeth H. Hughes (Publisher and Chief Executive Officer) H.F. Lenfest (former publisher) |
| Owner | The Philadelphia Foundation |
| Website | www |
The Philadelphia Inquirer, LLC (formerlyPhiladelphia Media Network (PMN)) is an American media company. It ownsThe Philadelphia Inquirer andPhiladelphia Daily News. The company is owned byThe Philadelphia Foundation, a nonprofit organization inPhiladelphia, Pennsylvania, U.S.
Philadelphia Media Network, then including the newspapers' joint web portalPhilly.com, was formed and initially owned by the creditors ofPhiladelphia Media Holdings (PMH), acquired out ofChapter 11 bankruptcy protection.[1] The company sold its inherited community newspaper division in December 2010. A group of local investors under the corporate name ofInterstate General Media LLC bought the company for $55 million in April 2012.
Publisher and chief executive officer Greg Osberg stepped down on May 11, 2012. He was replaced by Bob Hall, 67, the publisher of theDaily News andInquirer from 1990 to 2003, when the papers were owned byKnight Ridder.[2]
Philadelphia Media Network was purchased by Philadelphia businessmanGerry Lenfest in 2014.[3] In 2016, Lenfest donated the company toThe Philadelphia Foundation, a nonprofit organization.[4][5]
The Philadelphia Media Network also converted to apublic benefit corporation with a charter that balances public benefit alongside shareholder returns.[6] In 2019, Philadelphia Media Network renamed Philly.com to Inquirer.com and made theDaily News an edition ofThe Inquirer. Philadelphia Media Network was renamed The Philadelphia Inquirer, LLC.[7]
In January 2020, Lisa Hughes was named publisher and CEO; she is the first female publisher of The Inquirer.[8]
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