Boston Herald publisher announces sale of newspaper company

Disir

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The Boston Herald's roots date back to 1846 when it was a single two-sided sheet of news published by a group of Boston printers. In more recent times, the media company has been anchored by the 64,500-circulation Herald, known for its eye-catching Page 1 photos and headlines, and also has a loyal online following at BostonHerald.com and on its Herald Radio platform.

After several weeks of confidential negotiations, the newspaper company, agreed in principle to sell BHI to the same company that bought Community Newspaper Co. (CNC) from it 11 years earlier. The Herald had purchased CNC in 2001 from Fidelity Investments.

GateHouse Media, headquartered in Pittsford, NY, is one of the largest publishers of locally-based media in the United States. In Massachusetts alone, it publishes the Worcester Telegram & Gazette, the Cape Cod Times, The Patriot Ledger and more than 100 other weekly and daily newspapers.

By filing for bankruptcy protections, and even with a purchase agreement with GateHouse, the court requires BHI to hold an auction to allow all potential buyers an opportunity to submit competing offers.
Boston Herald publisher announces sale of newspaper company

GateHouse Media filed bankruptcy in 2013. New Media is the parent company of GateHouse.
These dudes
New Media Investment Group relationship map - Muckety
 

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