Reade Brower Owner of a Chain of Newspapers in Maine that Form His Monopoly on Print News in Maine.
The Maine Journalism Foundation announced this afternoon that an agreement for the purchase of most of Masthad Maine newpapers, currently owned by Reade Brower, has been reached. The announcement was from Bill Nemitz, Emily Barr and Bill Burke.
Late last week, the National Trust for Local News (NTLN) and Reade Brower, agreed on terms for the sale of Mastheaed Maine – 5 daily and 17 weekly newspapers across the state – to the NTLN. The purchase is expected to be finalized by the end of July.
This concludes a twelve week effort to acquire the monopoly of Reade Brower’s newspapers to a nonprofit news organization.
For more background information, please visit post herein dated July 3, 2023.
MAINE JOURNALISM FOUNDATION ON PROBATION
https://patch.com/maine/portland-me/maine-group-fails-buy-largest-paper
Ted, thank you very much for this information. It looks like Bill Nemetiz’s group has been distributing some misleading information. Actually, I found the press release on the subject that I received somewhat confusing. Now I know why! Carol