Nonprofit buys Maine's largest newspaper group
July 19, 2023
The sale of the Portland Press Herald, and the rest of Masthead Maine’s newspapers to a national nonprofit puts to rest months of speculation about the papers’ fates. And it lines up with national trends that are seeing more media outlets get support from nonprofits.
The pending July 31 sale of the papers to the National Trust for Local News was greeted with joy and relief from Masthead Maine CEO and Publisher Lisa DeSisto, who says it is the best possible outcome for the company.
“I never could have imagined an outcome this incredible for Maine, for our employees, for our readers,”...