Newspapers across the country have faced challenging times in recent years and s
Newspapers across the country have faced challenging times in recent years and several Maine papers have recently ceased publication or come very close to shutting down. In March 2012, the Portland Press Herald was saved from bankruptcy by S. Donald Sussman, a wealthy businessman and husband of U.S. Rep. Chellie Pingree, whose investment led to his 75% equity stake and cleared a $7.6 million debt for 300,000 pounds of paper. On March 9, 2012, VillageSoup owner Richard Anderson announced the closure of their web news sites and the demise of weeklies in Rockland, Camden, Belfast, and Bar Harbor. But by April, publication of Rockland's Courier Gazette, the Camden Herald, and the Belfast Republican Journal resumed under the new leadership of Reade Brower, owner of Rockland's Free Press. Although the Bar Harbor Times ceased publication in March, the owner of the Ellsworth American launched a new paper for the region called the Mount Desert Islander. With details about the history of several Maine newspapers.
Rooks, Douglas, "Newspapers across the country have faced challenging times in recent years and s" (2012). Maine News Index – MaineBiz. 5748.