Digital First Media Wins Boston Herald Bankruptcy Auction
Boston, MA - February 14, 2018 - Digital First Media was the winning bidder for the Boston Herald in a bankruptcy auction held Tuesday. Its bid package totaled $11.9 million in cash and assumed liabilities.
Dirks, Van Essen & Murray, a media merger and acquisition firm based in Santa Fe, New Mexico, is representing the Boston Herald in the transaction.
The bid is subject to court approval, and a hearing is set for Friday in federal bankruptcy court in Delaware.
The other bidders were GateHouse Media and Revolution Capital Group.
Denver-based Digital First Media is owned by New York investment firm Alden Global Capital. Digital First owns two other Massachusetts daily newspapers, the Lowell Sun and the Fitchburg Sentinel & Enterprise, as well as hundreds of publications across the country, including The Denver Post, The Orange County Register and the Mercury News of San Jose.