STORY AND UPDATE YOU AS SOON. AS WE GET MORE INFORMATION. SOME BIG NEWS THIS. MORNING, CONCERNING THE.
PHILADELPHIA INQUIRER, THE. PHILADELPHIA DAILY NEWS, AND. PHILLY.COM. IN A SURPRISE MOVE, THEIR.
OWNER HAS DONATED THEM TO A. NON-PROFIT. "EYEWITNESS NEWS" REPORTER JAN. CARABEO JOINING US WITH MORE.
ON. THIS A SURPRISE ON THE. MOVE. INTERESTING MOVE.
JERRY HOLDING PRESS CONFERENCE. LATER THIS MORNING TO EXPLAIN. HIS DECISION, NOW, ELSE THE. OWNER OF THE PHILADELPHIA.
MEDIA NETWORK, WHICH INCLUDES. THE INQUIRER, DAILY NEWS, AND. PHILLY.COM. HE SAYS HE'S MAKING THIS.
DONATION TO PRESERVE AND. DEVELOP PUBLIC SERVICE. JOURNALISM AND INVESTIGATIVE. REPORTING.
SO, WHAT HE HAS DONE DONATED. THE WIPER, DAILY NEWS, PHILLY.COM, TO NEWLY CREATED. TAX EXEMPT ORGANIZATION KNOWN. AS THE INSTITUTE FOR.
JOURNALISM IN NEW MEDIA. HE SAYS HE WILL CRIB. $20 MILLION TO IT NEWLY. ESTABLISHED ENDOWMENT.
IT IS A NEW ORGANIZATIONAL. STRUCTURE, WILL ALLOW THE. INSTITUTE TO RECEIVE DONATIONS. FROM INDIVIDUALS, FOUNDATIONS, CORPORATIONS, AND OTHER.
ENTITIES FOR THE MISSION OF. CONTINUING JOURNALISM. AND THIS WILL ALL BE TAX. DEDUCTIBLE THROUGH THE.
PHILADELPHIA FOUNDATION. BUT, THIS MOVE REALLY GOES. BEYOND FUNDING JOURNALISM. SAYS THE NEWLY CREATED.
INSTITUTE WILL DRAW ON THE. RESEARCH OF UNIVERSITIES, NON-PROFITS, AND SUPPORT THE. EDUCATION OF YOUNG JOURNALISTS. WHO ARE NOW COMING INTO AN.
EVER-CHANGING FIELD. SO, BIG NEWS, AND WE SHOULD. LEARN MORE AT A PRESS. CONFERENCE SCHEDULED AT.
11:00 TODAY AT THE. CONSTITUTION CENTER. UNPRECEDENTED MOVE, BUT I'M. SURE IF YOU'RE WATCHING AT.
HOME, OKAY, WILL THIS FIT MY. PAPER OVER HOPPING ON. PHILLY.COM. WHAT'S IT MEAN TO THEM.
PHILLY.COM SAYS IT WILL NOT..
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