Sussman-Owned Group Acquires 75 Percent Share of MaineToday Media

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By: Matt Wickenheiser | Bangor Daily News

PORTLAND, Maine — MaineToday Media announced Tuesday that financier Donald Sussman has acquired a larger share of the company, although his financial stake remains the same.

The announcement follows one last month that Sussman, a hedge fund manager and philanthropist and husband of Rep. Chellie Pingree, D-Maine, took a 5 percent stake in MaineToday Media through Maine Values LLC, which he owns. That deal included a loan valued between $3 million and $4 million. It also gave Sussman a seat on the company’s board of directors.

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