Via Philly.com – “On Tuesday, in a meeting with employees and then at a news conference at the Constitution Center, H.F. “Gerry” Lenfest [sole owner of Inquirer and the Daily News]  formally announced the details of a complicated transaction designed to ensure that quality journalism endures in Philadelphia for generations. The move places the region’s dominant news-gatherers under the auspices of the nonprofit Philadelphia Foundation. “In a democracy,” foundation President and CEO Pedro Ramos said at the Constitution Center, “great cities need and depend on quality journalism.” Lenfest’s gift will support and enhance “nothing less than an essential element of our democracy,” Ramos said.The new alignment – while unique and untested – sets out mechanisms by which public-interest reporting can be preserved and enhanced while new electronic distribution methods are developed….”