Digital First Media top bidder in auction for Boston Herald

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 held 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.

People also read these

Police: Woman killed by Florida officer in...

Aug 10, 2016

A police "shoot/ don't shoot" demonstration went shockingly awry when an officer shot and killed a...

Legal group issues private emails Clinton did not...

Aug 9, 2016

The State Department has turned over 44 previously-unreleased Hillary Clinton email exchanges that...

In setback for Brazil's Rousseff, Senate puts her...

Aug 10, 2016

Brazil's Senate has voted overwhelmingly to put suspended President Dilma Rousseff on trial for...

Armstrong wins third straight Olympic women's...

Aug 10, 2016

Kristin Armstrong of the United States won her third consecutive Olympic time trial Wednesday

FIFA confirms ethics probe into head of Brazilian...

Aug 10, 2016

FIFA ethics investigators have announced a formal case against the indicted head of Brazilian...

About Us

The World Insiders brings you exclusive coverage from across the globe in a timely, easy to consume format sourced directly from our regional media partners.

Contact us: sales[at]theworldinsiders.com

Subscribe Now!