After months of doubt, it is now all but certain that the vast majority of Maine’s local news outlets will live to see another day.
The nonprofit National Trust for Local News has entered into a purchase agreement to take over the lion’s share of Maine’s media ecosystem in a sweeping deal covering five daily newspapers and 17 weeklies.
The deal is expected to close later this month, according to Reade Brower, the current owner of the Masthead Maine media group, and Elizabeth Hansen Shapiro, the CEO of the National Trust for Local News.
Terms of the deal were not disclosed.
The news was first reported by the Portland Press Herald, one of the daily newspapers that will be included in the sale. The deal also involves the Lewiston Sun Journal, the Kennebec Journal in Augusta, the Morning Sentinel in Waterville, and the Times Record in…
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