Owner: Philly newspapers will be vital legacy

Published June 19, 2014 5:20am ET



PHILADELPHIA (AP) — 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 The 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.

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