The Foster’s Daily Democrat didn’t seem like an attractive takeover target.
The 142-year-old newspaper in Dover, N.H., had suffered an almost 50% decline in circulation in a decade to 12,000 a day and a precipitous drop in ad revenue.
But in late 2014, the family that had run the paper for five generations found an eager buyer: private equity-run newspaper chain New Media Investment Group, which has been snapping up similar assets nationwide.
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