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With advertising shrinking and newspapers vanishing, Maine’s largest newspaper group became the latest to try a nonprofit model with the completion of the sale of more than 20 daily and weekly ...
Aug. 1—The National Trust for Local News, a nonprofit that has pledged to preserve and invest in local news, has completed its purchase of most of Maine's daily newspapers, including the ...
On March 31, Bangor Daily News reported that he owned five dailies and 25 weeklies, and six specialty publications. [9] He was 66 at the time. [ 10 ] On July 10, 2023, Bangor Daily News reported that Brower had sold the five daily newspapers and 17 weeklies he owned to the National Trust for Local News, a non-profit.
The trust owns 5 of out 6 daily newspapers in Maine, the exclusion being the Bangor Daily News.They own the flagship Portland Press Herald and its Sunday edition the Maine Sunday Telegram, as well as the Morning Sentinel of Waterville, the Kennebec Journal of Augusta, the Sun Journal of Lewiston, and the Times Record of Brunswick.
Machias Valley News Observer – Machias; Magic City Morning Star – Millinocket; The Maine Campus – Orono, published twice a week on Mondays and Thursdays; The Maine Edge – Bangor, published once a week on Wednesdays; Maine Sunday Telegram – Portland; The Maine Switch – Portland, published once a week on Thursdays
News Corp. CEO and former Wall Street Journal editor Robert James Thomson indicated that the newspapers were "not strategically consistent with the emerging portfolio" of the company. [1] GateHouse in turn filed prepackaged Chapter 11 bankruptcy on September 27, 2013, to restructure its debt obligations in order to accommodate the acquisition.
Guy Gannett Communications was a family-owned business consisting of newspapers in Maine and a handful of television stations in the eastern United States.The company was founded by its namesake, Guy P. Gannett, in 1921, and was managed by a family trust from 1954 to 1998, when it sold most of its properties to The Seattle Times Company and Sinclair Broadcast Group.