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The Philadelphia Inquirer, LLC (formerly Philadelphia Media Network (PMN)) is an American media company. It owns ''
The Philadelphia Inquirer ''The Philadelphia Inquirer'' is a daily newspaper headquartered in Philadelphia, Pennsylvania. The newspaper's circulation is the largest in both the U.S. state of Pennsylvania and the Delaware Valley metropolitan region of Southeastern Pennsy ...
'' and '' Philadelphia Daily News''. The company is owned by
The Philadelphia Foundation The Philadelphia Foundation is a community foundation that serves the Greater Philadelphia community. The five primary counties served are Philadelphia, Bucks, Chester, Delaware, and Montgomery. It is one of the oldest and largest community fou ...
, a nonprofit organization in
Philadelphia Philadelphia, often called Philly, is the largest city in the Commonwealth of Pennsylvania, the sixth-largest city in the U.S., the second-largest city in both the Northeast megalopolis and Mid-Atlantic regions after New York City. Sinc ...
, Pennsylvania, U.S.


History

Philadelphia Media Network, then including the newspapers' joint web portal Philly.com, was formed and initially owned by the creditors of
Philadelphia Media Holdings Philadelphia Media Holdings LLC was an American holding company located in Philadelphia, Pennsylvania, United States. Founded by Brian Tierney in 2006, the company owned ''The Philadelphia Inquirer'' and '' Philadelphia Daily News''. After The McCl ...
(PMH), acquired out of
Chapter 11 bankruptcy protection Chapter 11 of the United States Bankruptcy Code ( Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whet ...
. The company sold its inherited community newspaper division in December 2010. A group of local investors—under the corporate name of
Interstate General Media Interstate General Media, LLC, is a Philadelphia, Pennsylvania–based company founded in 2012 that operates newspapers and online news sources that it owns. In 2012, the company purchased The Philadelphia Inquirer, LLC, the company that owns an ...
LLC—bought the company for $55 million in April 2012. Publisher and chief executive officer Greg Osberg stepped down on 11 May 2012. He was replaced by Bob Hall, 67, the publisher of the ''Daily News'' and ''Inquirer'' from 1990 to 2003, when the papers were owned by Knight Ridder. Philadelphia Media Network was purchased by Philadelphia businessman H. F. "Gerry" Lenfest in 2014. Lenfest donated the company to The Philadelphia Foundation, a nonprofit organization, in 2016. The Philadelphia Media Network also converted to a public benefit corporation, with a charter that balances public benefit alongside shareholder returns. In 2019, Philadelphia Media Network renamed Philly.com to Inquirer.com and made the ''Daily News'' an edition of the ''Inquirer''. Philadelphia Media Network was renamed The Philadelphia Inquirer, LLC. In January 2020, Lisa Hughes was named publisher and CEO. She is the first female publisher of The Inquirer.


References


External links


Philly.com
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 2010s establishments in Pennsylvania Public benefit corporations based in the United States {{DEFAULTSORT:Philadelphia Inquirer LLC