Digital First Media Wins Boston Herald Bankruptcy AuctionBack to News

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.

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