This is worth a look.
Within a few days earlier this month, Gerry Lenfest, the eighty-five-year-old owner of the Philadelphia Inquirer, announced that he would transfer ownership to a new nonprofit organization, and Chris Hughes, the thirty-two-year-old owner of The New Republic, announced that he would sell the magazine, and mentioned a change to nonprofit status as one of several plausible futures for it. Do two instances qualify as a trend? At the very least, they make public what the people who work at these publications have known for a long time: that parts of the news business might not really be a business.
photo: "Inquirerbldg sign," by Medvedenko.
Comments
Post a Comment