The National Trust for Local News, a nonprofit organization, has announced its plans to acquire over 20 daily and weekly newspapers in Maine, including the Portland Press Herald, by the end of July. This strategic move aims to preserve the independence of the newspaper group while ensuring continuity for both the news staff and readers, according to Reade Brower, the owner of Masthead Maine, the parent company of the newspapers. The exact sale price has not been disclosed by Brower and Elizabeth Hansen Shapiro, the CEO of the trust.
The management of the newspapers will remain under the leadership of Masthead Maine CEO Lisa DeSisto and her team, as confirmed by Hansen Shapiro. Steve Greenlee, the executive editor of the Portland Press Herald, expressed the newsroom’s excitement about the acquisition, highlighting the positive impact it will have on the staff and the publication’s future.
The National Trust for Local News, established in 2021, is dedicated to ensuring the sustainability of local news sources. In addition to the Maine newspapers, the trust also owns a collection of community newspapers in Denver, Colorado. The acquisition includes prominent newspapers such as the Sun Journal in Lewiston, the Kennebec Journal in Augusta, the Morning Sentinel in Waterville, the Times Record in Brunswick, and 17 weekly papers. Brower, who acquired MaineToday Media in 2015, has expanded his media holdings over the years and is now considering selling some of his assets, with the option of operating the newspapers as a nonprofit being on the table.
Overall, the acquisition of these newspapers by the National Trust for Local News signifies a positive step towards securing the future of local journalism in Maine and beyond. The trust’s mission to support and sustain local news sources aligns with the growing need for reliable and independent journalism in communities across the country.
Nonprofit to Buy Portland Press Herald, Other Maine Papers
In a groundbreaking move, a nonprofit organization has announced plans to purchase the Portland Press Herald and other major newspapers in Maine. This news has sent shockwaves through the journalism industry and raised questions about the future of print media in the region.
What Does This Mean?
The decision by the nonprofit to buy these newspapers represents a significant shift in the dynamics of the media landscape in Maine. Here are some key points to consider:
- Increased focus on community-driven journalism
- Enhanced transparency and accountability
- Preservation of a vital source of local news
- Potential for innovative approaches to sustainability
Benefits and Practical Tips
For readers and the general public, the acquisition of these newspapers by a nonprofit organization could bring several benefits, including:
- Quality journalism that prioritizes public interest
- Increased trust and credibility in local news coverage
- Opportunities for community engagement and input
Case Studies
Similar initiatives have been successful in other parts of the country, with nonprofit news organizations gaining traction and support from readers and donors. One notable example is Texas Tribune, a nonprofit, nonpartisan media organization that covers public policy, politics, and statewide issues in Texas.
Firsthand Experience
As a reader, you may notice changes in the editorial direction and content of these newspapers following the acquisition. It’s important to stay informed and engaged with these developments, as they could have a lasting impact on the media landscape in Maine.
Conclusion
The purchase of the Portland Press Herald and other Maine newspapers by a nonprofit organization marks a significant turning point in the industry. Whether this move will lead to a revitalization of local journalism and community engagement remains to be seen, but it is certainly an exciting development to watch.
