Library Company of Philadelphia, founded by Benjamin Franklin in 1731, agrees to merger with Temple University

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Philadelphia's Iconic Library Company Nears End of an Era as Temple University Merges With Institution Founded by Benjamin Franklin in 1731

The historic Library Company of Philadelphia, America's oldest cultural institution, is set to undergo a significant transformation after agreeing to merge with Temple University. The deal aims to combine the university's research and grant-writing programs with the library's vast historical archives, ensuring its long-term stability.

Founded by Benjamin Franklin in 1731, the Library Company has been a cornerstone of Philadelphia's educational and cultural landscape for nearly three centuries. Initially established as the first subscription library in the country, it boasts an impressive collection of books, manuscripts, and documents from the 17th to the 19th centuries.

Despite facing financial challenges during the Great Depression and World War II, the library transitioned into a research institution to stay afloat. In recent years, budget deficits had forced the institution to explore merger options to maintain its operations.

Under the proposed partnership, the Library Company will be absorbed by Temple Libraries but retain its full staff, programs, and collections. The deal has received overwhelming support from 84% of shareholders and unanimous approval from Temple's Board of Trustees.

Temple University President John Fry hailed the partnership as an opportunity to "preserve one of Philadelphia's most important educational and historical institutions" while ensuring its legacy thrives. For the university, this merger will further enrich its academic and research resources.

The integration council will be formed in the coming months, with representatives from both parties working to implement the agreement. The Library Company has expressed hope that the partnership will also lead to an increase in shareholder participation.

As the Library Company looks towards a new chapter under Temple's umbrella, its long history is sure to continue to inspire future generations of scholars and researchers. With this merger, Benjamin Franklin's vision of a shared library as a tool for advancing self-education has taken on a new significance, poised to shape the city's cultural landscape for years to come.
 
📚👀 so I'm reading about this merge between Temple University and the Library Company of Philadelphia... 🤔 it's actually kinda cool how they're gonna keep the library's history and collections intact while still getting some new funding and resources 🤑 from the university. 84% of shareholders are on board, which is awesome! 🎉 I just wish they'd done more to preserve the old building's architecture... it's such an iconic part of Philly's identity 🏙️ but I guess that's progress for ya... 🤷‍♂️

Here's a little diagram to visualize the merge:
```
+---------------+
| Temple |
| University |
+---------------+
|
| absorbs
v
+---------------+
| Library |
| Company of |
| Philadelphia |
+---------------+
```
the integration council will work out the details, but I think it's a win-win for both parties 🤝
 
I'm so done with these institutions just passing the buck they can't even take care of themselves anymore merging is basically putting the final nail in the coffin 🤕 what about preserving their autonomy and unique character instead of just throwing them into a bigger machine? we're losing our cultural heritage here it's not just about the books or research it's about the community that makes these institutions special
 
man... it's crazy to think that one of america's oldest institutions is going through such a big change 🤯 temple university merging with the library company of philly is like a match made in heaven for research and archives 📚💡 i mean, benjamin franklin's vision of a shared library all those years ago was literally ahead of its time 👏 and now it's being carried forward by this partnership 🌟 can't wait to see what kind of cool projects come out of this merge 💻📊
 
🤔 man I'm both stoked and kinda sad about this news... Temple University taking over the Library Company of Philadelphia is a big deal, no doubt 📚👏 they're basically giving that historic institution a new lease on life. But at the same time, it's weird to think that one day we'll be saying "oh yeah, I went to check out some old books and saw exhibits from like 200 years ago"... it's crazy how fast time flies 🕰️. I guess what I'm trying to say is that this merger feels like a bit of both progress and loss... but hey, Benjamin Franklin's vision lives on! 💡
 
I'm kinda sad about this 🤕. The Library Company is an iconic part of Philly history and I think it'll be weird seeing it change so much. It's like losing a piece of the city itself 🗽️. I mean, Benjamin Franklin was such a big deal and his legacy should be preserved in all its glory 💡. Temple University seems like a good partner though, they seem to have good intentions 🤝. Fingers crossed that the Library Company will still get to maintain its collections and programs 📚💻. It's not the end of an era just yet 😊
 
ugh, can't believe they're sacrificing that library's independence just to stay afloat... i mean, what's the point of being america's oldest cultural institution if you're just gonna lose your identity? 🤔 temple university is just trying to expand their resources and power, not really caring about preserving history or culture. and 84% of shareholders think this is a good idea? that's so misleading... i bet they don't actually understand what's going on. 🤑 the library company should've fought harder against this merger... it's like they just threw up their hands and said "oh well, might as well be part of someone else's empire". 🚫
 
📚💡 I'm kinda bummed about the Library Company merging with Temple University 🤔. Don't get me wrong, it's cool that they're gonna keep the full staff and programs, but I think we're losin' some of that old-school charm 😔. The Library Company has been around for ages, and it's got so much history and character 💫. But at the same time, I can see how this merger is a good thing – they're gettin' more resources and stuff to help 'em out 🤑. I hope they don't lose too much of that classic feel though 👍.
 
🤯 just found out that Philly's oldest lib is merging with Temple Uni 📚👥 I'm both sad and excited about it - it means the old lib will be saved but also kinda losing its independence 💔📝 can't wait to see what new stuff they'll come up with! 🎉 temple uni gets a major upgrade with all those historical archives 🤯
 
This is crazy 🤯. I mean, can you imagine walking into the same building where Benjamin Franklin used to hang out and read? The thought of the Library Company merging with Temple University is both exciting and kinda sad at the same time 😔. It's amazing that the library will still retain its staff and collections, though - they're such a huge part of Philly's history! 👏 I just hope they can find ways to make it even more accessible to the community. Maybe this merger will be the boost the city needs to keep those historic libraries thriving 🤞
 
🤔 I'm kinda bummed about this merger, you know? I mean, it's great that the Library Company is getting support and all, but it feels like it's losing its identity as an independent institution 📚. Temple University might bring some resources and expertise, but can they really keep up with preserving all those historic archives and collections? 💼 It's not just about the books, though - it's about the history, the community, and the people who have been involved with the library for centuries 🙏. I hope that the integration council can do some magic to make sure the Library Company's spirit isn't lost in the process 🤞
 
aww man this is so sad 🤕 I mean I'm happy it's gonna be stable and all but its like losing a piece of history you know? that library has been around since 1731, thats crazy 🤯 Benjamin Franklin was a genius and I love how his legacy lives on thru the books and documents they have there ❤️ its not just about the books tho, its about the community that comes together to learn and grow from each other. I hope this merger brings even more people together to celebrate history and education 💖
 
🤔 This merger feels like a big deal for Philly's history, but also kinda weird that it's happening now when the Library Company is literally one of the oldest institutions around? I mean, can't they just keep it independent or something? 🤷‍♀️ But I guess Temple University needed some new resources to boost their research games. Either way, I'm hoping this merger helps preserve some of that old history for future generations...📚💡
 
🤔 can you imagine having to use a catalog system to find an ancient book in Philly? it's crazy that they're basically merging with Temple Uni now, feels like a big loss of their identity 📚💔 still, I guess it's cool that the library gets to keep its staff and collections and all that jazz... hope it doesn't feel too much like a shadow of its former self 👀
 
I'm so done with these corporate mergers 🙄. The Library Company of Philly is literally being absorbed by Temple University and it's just gonna be another faceless institution... I mean, what's gonna change? They're still gonna have all those old books and documents, but who's really gonna care about the history behind them anymore? 🤔 It's all just gonna get buried under a ton of bureaucracy. And what about the people who've been working there for years? Are they just gonna be replaced by Temple's staff? It feels like another example of how institutions are more concerned with survival than preserving their own heritage... 😐
 
omg u guys i just heard about this huge change happening in philly 🤯! so like benjamin franklin founded this libary way back in 1731 and it's still standin today which is honestly insane 🙌. but now it's mergin with temple uni which is kinda cool i guess idk if its all good or not tho 🤔 i mean its good that they're keepin the staff & collections and all that but what about the future tho? are they just gonna let some uni people take over or somethin 😬. anywayz lets just hope this merger goes well and benjamin franklin's dream of a shared libary lives on 📚💡
 
📚💡 This is such an exciting but bittersweet time for Philly's history and culture 🤔. I mean, who wouldn't want to preserve this piece of America's educational heritage? 🙌 The fact that they're keeping all the staff and programs on board is a huge win, too 👍. It feels like Benjamin Franklin's dream of making knowledge accessible to everyone is still alive and kicking 💪. Temple University seems like a great partner for this merger, and I hope it really does bring in some new energy for the Library Company 🔄. Now we just have to wait and see how everything shakes out and what kind of cool things come out of this partnership 🤔📚
 
🤔 it's kinda weird how this historic place is merging with some big university... i mean, benjamin franklin was all about sharing knowledge and stuff, but now it seems like they're just gonna be another part of a bigger institution... still, on the bright side, the library will get to keep its staff and collections, so maybe that's not so bad? 📚💼 the fact that 84% of shareholders were down with the merger is also pretty encouraging. i guess only time will tell if this partnership works out for both parties 💕
 
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