HONOLULU STAR-BULLETIN GETS ANOTHER BID

By: Staff Reports

Liberty Paper Has Three Suitors




The Honolulu Star-Bulletin has a third suitor who confirmed his
interest in the Hawaiian afternoon daily earlier this week, The
Honolulu Advertiser reports.


California newsweekly publisher Steve Hadland has submitted a bid
for the Liberty-owned daily that was put on the block in March.
Hadland, owner of Hadland Communications, publishes five free
newspapers in the west Los Angeles area.


Hadland will be up against Black Press Ltd. of Victoria, British
Columbia, and Kaua’i businessman Jeff Lindner, chief financial
backer of the McClaran-Heftel group.


U.S. Magistrate Barry Kurren has scheduled a conference call for
Tuesday to determine which bidders will enter into negotiations.
Kurren will review and possibly select a buyer by Sept. 15.


Florida-based Liberty offered the paper for sale to postpone an
antitrust lawsuit. The suit was filed after Liberty said it would
close the Star-Bulletin, ending a joint operating agreement with
Gannett Co. Inc., owner of The Honolulu Advertiser.









~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~











Related Stories:



HONOLULU STAR-BULLETIN GETS NEW SUITOR (09/01/00)



HONOLULU STAR-BULLETIN DEADLINE EXTENDED (08/11/00)











(c) Copyright 2000, Editor & Publisher

RSS
Follow by Email
Facebook
Facebook
Twitter
Visit Us
LinkedIn

Leave a Reply

Your email address will not be published.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