Wednesday, June 17, 2009

New owner planning to strengthen Maine newspapers

An investment group led by Bangor native Richard L. Connor purchased the Portland Press Herald/Maine Sunday Telegram on Monday, vowing "a business strategy" that will "further strengthen" the newspaper.

The sale caps a 15-month effort by the debt-laden Seattle Times Co. to sell its media holdings in Maine. The purchase by Connor's group, MaineToday Media Inc., includes the Kennebec Journal in Augusta and the Morning Sentinel in Waterville, the MaineToday Web sites and niche print publications. Together they employ roughly 500 people.

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1 comment:

Anonymous said...

This is a smoke and mirrors guy. Stay tuned.