< 1 min read
June 20, 2014
Philadelphian philanthropist Gerry Lenfest now sole owner of city's Inquirer and Daily News; says previous gifts "pale in comparison" to sustaining newspapers.
"Philanthropist H.F. 'Gerry' Lenfest has given away most of his $1.2 billion fortune, but he believes his earlier gifts will 'pale in comparison' to his work to enrich Philadelphia's largest newspapers. Lenfest, 84, became the sole owner of [t]he Philadelphia Inquirer and Philadelphia Daily News this week, ending a turbulent year marked by a bitter feud among investors, a court-ordered buyout, and the plane crash death of co-owner Lewis Katz." -- Maryclaire Dale, Associated Press