Sussman-Owned Group Acquires 75 Percent Share of MaineToday Media

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
http://www.editorandpublisher.com/news/sussman-owned-group-acquires-75-percent-share-of-mainetoday-media/
LinkedIn

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.

Comments:

Your email address will not be published. Required fields are marked *