Digital First Media Wins Bidding for Boston Herald with $12M Package

Digital First Media, a national newspaper chain that has earned a reputation for relentless cost-cutting, emerged as the winning bidder for the Boston Herald in a bankruptcy auction held Tuesday.

The Denver-based company, which is also known as MediaNews Group and is owned by New York investment firm Alden Global Capital, beat out two other bidders with a package that totaled nearly $12 million in cash and assumed liabilities, according to Herald publisher Pat Purcell.

Like & Share E&P:
RSS
Follow by Email
Facebook
Facebook
Google+
https://www.editorandpublisher.com/news/digital-first-media-wins-bidding-for-boston-herald-with-12m-package/
LinkedIn
Read More

Leave a Reply

Your email address will not be published.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