By: Staff Reports
Lawsuits Pending Until Sale Completed
The Honolulu Star-Bulletin has been put up for sale by Liberty Newspapers, owner of the 64,979-circulation evening paper, The Associated Press reports.
Liberty Newspapers’ agreement to put the paper up for sale was part of the negotiations to settle lawsuits filed by the state and a citizens group against Liberty and Gannett Pacific Corp., owner of The Honolulu Advertiser.
Liberty and Gannett have been working under a joint operating agreement that was scheduled to end on Oct. 30 last year. Gannett was planning to pay Liberty $26.5 million to close the Star-Bulletin, but the closure was blocked by several lawsuits.
U.S. District Court Judge Alan Kay approved the plan to sell the newspaper. Once the paper is sold, Liberty and Gannett will conclude their relationship and the lawsuits will be dismissed.
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