Will More Newspapers Go Nonprofit?
from The Atlantic
On Tuesday, three of Philadelphia's most important journalistic resources — its legendary daily newspaper, the Inquirer; its accomplished tabloid, the Daily News; and its main news website, Philly.com — took the first step toward becoming nonprofits. In a complicated transaction, their owner, H.F. "Gerry" Lenfest, donated them to the Philadelphia Foundation, the city's main philanthropic organization.
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