The National Trust for Local News, a nonprofit, will purchase 22 newspapers in Maine, including The Portland Press Herald and The Sun Journal of Lewiston, from Masthead Maine, owned by Reade Brower. The sale, which includes five daily papers and 17 weeklies, is set to be finalized by the end of July, with the exact price remaining undisclosed. The acquisition intends to support independent, nonpartisan local media in Maine while preserving local ownership. - Through a partnership with The Colorado Sun, The National Trust for Local News owns 24 neighborhood publications throughout Colorado.
- With funding from the Gates Family Foundation, the Google News Initiative, and the Knight Foundation, the Denver-based nonprofit news organization has arisen to address the local news crisis.
- The News Guild of Maine, the union for almost 200 of the publications' employees, expressed appreciation for the acquisition's nonprofit business model instead of its sale to hedge funders or private equity groups.
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