Gerry Lenfest

Lenfest, who made his fortune in cable television, bought the Philadelphia Inquirer and Daily News in 2014 and two years later gave the company away, to a new non-profit Institute for Journalism in New Media under the Philadelphia Foundation, with a 20 million dollar endowment. The papers remain a for-profit company owned by the non-profit, which shields them from sale to chains or hedge funds. He died in 2018; the Lenfest Institute continues.