By: Staff Reports
Black Press To Begin Negotiations For Honolulu Daily
A judge Wednesday approved Canadian newspaper company Black Press Ltd. as the sole qualified bidder for the Honolulu Star-Bulletin, reports the Associated Press.
U.S. Magistrate Barry Kurren selected David Black, owner of British Columbia-based Black Press Ltd., to start negotiations for purchasing the Honolulu daily.
Kurren has set an Oct. 27 deadline for the Star-Bulletin, The Honolulu Advertiser, and Black Press to reach an agreement on the sale.
Pending an approved sale, Black would have to move the Star-Bulletin out of the Hawaii Newspaper Agency building. The two Honolulu dailies have been operating under a joint operating agreement.
The Star-Bulletin went on the block when its owner, Liberty Newspapers LP, agreed to settle an antitrust lawsuit filed by the state and a citizens’ group. Liberty had planned to shutter the Star-Bulletin after being offered $26.5 million from Advertiser-owner Gannett Co. Inc.
Black, who is not related to Canadian media mogul Conrad Black, has plans to hire some 200 advertising, printing, and circulation employees in addition to the 97 current newsroom staff.
Other bidders on the Star-Bulletin were Los Angeles-based Hadland Communications Inc. and a local Hawaiian investor group.
STAR-BULLETIN BIDDING DEADLINE EXTENDED AGAIN (09/15/00)
HONOLULU STAR-BULLETIN GETS ANOTHER BID (09/08/00)
HONOLULU STAR-BULLETIN GETS NEW SUITOR (09/01/00)
HONOLULU STAR-BULLETIN DEADLINE EXTENDED (08/11/00)
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