The Philadelphia Inquirer, LLC
| Company type | Public benefit corporation |
|---|---|
| Industry | Media |
| Founded | 2010 |
| Headquarters | Philadelphia , United States |
Area served | United States |
Key people | Lisa Hughes (publisher and CEO) |
| Products | Newspapers (The Philadelphia Inquirer, Philadelphia Daily News) |
| Owner | The Philadelphia Foundation |
| Website | philly |
The Philadelphia Inquirer, LLC—previously known as Philadelphia Media Network (PMN)—is a U.S.-based media organization that owns both The Philadelphia Inquirer and the Philadelphia Daily News. The company is under the ownership of The Philadelphia Foundation, a nonprofit entity located in Philadelphia, Pennsylvania.
History
Following the Chapter 11 bankruptcy of Philadelphia Media Holdings, Philadelphia Media Network was established by its creditors. The firm divested its community newspaper assets in December 2010. In April 2012, a group of local investors operating through Interstate General Media LLC purchased PMN for $55 million.
Greg Osberg, who served as publisher and CEO, stepped down in May 2012 and was replaced by Bob Hall, who had previously held the publisher position at both the Daily News and Inquirer during their tenure under Knight Ridder.
In 2014, Philadelphia entrepreneur Gerry Lenfest acquired PMN and subsequently gifted it to The Philadelphia Foundation in 2016, facilitating the company's conversion into a nonprofit organization. At this time, PMN also adopted the status of a public benefit corporation, aiming to balance social responsibility with financial returns to shareholders.
The year 2019 saw the rebranding of Philly.com to Inquirer.com and the incorporation of the Daily News as an edition within The Inquirer. Simultaneously, Philadelphia Media Network changed its name to The Philadelphia Inquirer, LLC.
Lisa Hughes was named publisher and CEO in January 2020, marking the first time a woman held the publisher role within the company’s history.
External links
- Articles with short description
- Companies based in Philadelphia
- American companies established in 2010
- Mass media companies established in 2010
- Publishing companies established in 2010
- Mass media companies of the United States
- Newspaper companies of the United States
- 2010 establishments in Pennsylvania
- Public benefit corporations based in the United States