Ten months after the Blethen family's sale of three daily newspapers to MaineTod
Ten months after the Blethen family's sale of three daily newspapers to MaineToday Media, including the Portland Press Herald, the transition to a smaller company continues, with improved ad revenues and new profitability. The landmark Press Herald building and a vacant printing plant across Congress Street were sold for $6.2 million to New York developer John Cacoulidis. Publisher and Editor Richard Connor made deep staffing cuts and sold real estate to get the newspaper back on track, but says the demise of print media is overestimated. With a look at what former Blethen executives are doing now.
Portland Press Herald/Maine Sunday Telegram
Rooks, Douglas, "Ten months after the Blethen family's sale of three daily newspapers to MaineTod" (2010). Maine News Index – MaineBiz. 5125.