Portland (Maine) Press Herald, Aug. 1, 2023:
The National Trust for Local News, a nonprofit that has pledged to preserve and invest in local news, has completed its purchase of most of Maine’s daily newspapers, including the Portland Press Herald.
The papers’ previous owner, Reade Brower, and Elizabeth Hansen Shapiro, chief executive officer and founder of the National Trust for Local News, confirmed Tuesday that the sale had closed. Neither would disclose the sale price.
“I am so grateful to Reade Brower for believing in the vision and mission of the National Trust for Local News, and for entrusting us with the future of these incredible local news outlets,” Hansen Shapiro said in an email.
“I’m happy with the outcome,” Brower said in an interview. “I’m hoping it’s the best possible course for the next steward of the papers.”