BOSTON — A Denver-based company has emerged as the winning bidder for a Boston newspaper that filed for bankruptcy in December.
Digital First Media’s $11.9 million bid beat two other bidders for the Boston Herald in a five-hour bankruptcy auction Tuesday.
The bid needs approval from a bankruptcy court judge, and a hearing is scheduled for Friday.
Digital First owns hundreds of publications, including the Lowell Sun and Sentinel & Enterprise of Fitchburg in Massachusetts.
Job cuts are expected. The Herald has around 240 employees, and previous bidders agreed to keep at least 175.
Herald publisher Patrick Purcell previously cited declining revenue, digital media and growing competition in the decision to file for Chapter 11 bankruptcy.
Send questions/comments to the editors.
-
Sports
College baseball: UMaine bounced from America East tourney
-
Nation & World
Former U.S. Army reservist found guilty in Jan. 6 riot
-
Boston Bruins
Bruins forward Brad Marchand has surgery, will be out six months
-
Sports
Local roundup: Winthrop softball holds on in 7th inning to beat Lisbon
-
Varsity Maine
Cony sweeps KVAC Medium School track and field titles
Success. Please wait for the page to reload. If the page does not reload within 5 seconds, please refresh the page.
Enter your email and password to access comments.
Hi, to comment on stories you must . This profile is in addition to your subscription and website login.
Already have one? .
Invalid username/password.
Please check your email to confirm and complete your registration.
Only subscribers are eligible to post comments. Please subscribe or login to participate in the conversation. Here’s why.
Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.