Eugene Thayer, leavened by newspaper veteran Thomas F. Senator Charles Fletcher Johnson and future mayor L. The paper is printed at the Portland Press Herald press in South Portland, Maine.įounded in 1904 by officials of the Waterville Democratic Party-Waterville mayor Cyrus Davis future U.S. The newspaper covers cities and towns in parts of Franklin, Kennebec, Penobscot and Somerset counties. The Morning Sentinel is an American daily newspaper published six mornings a week in Waterville, Maine. March 3, 1904 ( ), as Waterville Morning Sentinel “We will strongly advocate for any new owner or partner to honor all of the existing contracts for employees at these companies, and we will also work hard to protect our newspapers from bad actors who have decimated local news coverage across the country,” the union’s executive board said.īDN writer Paul Koenig contributed to this report.Newspaper in Waterville, Maine Morning Sentinel Leaders of the News Guild of Maine, the union representing workers at the Portland and Waterville papers, issued a statement praising Brower for his transparency, saying they would seek a meeting with him on the transition. Last year, a poor earnings report led to a round of layoffs, the Associated Press reported. That created the largest newspaper company in the U.S., with more than 200 papers. The COVID-19 pandemic led to more challenges, with 360 newspapers closing since it began, according to The New York Times.Ĭonsolidation has been a trend for generations in the industry, but it was supercharged by the 2019 merger of Gannett, the publisher of USA Today, and the parent company of the newspaper chain GateHouse Media. There has been long-term turmoil in the newspaper industry, with advertising and circulation revenue dropping from $49.4 billion in 2005 to $9.6 billion in 2020, according to the News Media Alliance. The BDN made a similar move this month to discontinue Monday’s printed edition. In March 2020, the Portland Press Herald stopped printing its Monday edition, with DeSisto saying at the time that revenue in 2019 declined and sales of single copies of newspapers had sharply declined. A sixth daily newspaper that Brower owned, the Journal Tribune in Biddeford, ceased publication in 2019 after 135 years in business about a year after he bought it because it was not turning a profit. More recently, he has felt the effect of the fallout in the newspaper industry. He denied the allegation, but the company won a large insurance settlement after an investigation. Sussman rescued the company in 2012 after the brief tenure of CEO Richard Connor, who was later accused by the company of misappropriating more than $500,000. It and its sister papers were then owned by the billionaire financier and Democratic megadonor S. He eyed the Press Herald as a potential customer. Brower bought the Times Record’s printing operation in 2012, then set out to get more business. He then started a printing co-op between his Rockland weekly and the competing Courier-Gazette, which he acquired from a bank in 2012 along with sister papers that went under. In the 1990s, he started the direct-mail firm Target Marketing, which built his fortune when he sold it and another company to AutoTrader in 2004.
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“We are watching new ownership models emerge across the country from B-corporations to non-profit efforts.”Ī resident of Camden and a Massachusetts native, Brower founded The Free Press in Rockland in 1985. “The truth is I am beginning the search for what’s next, whether that be a new steward or perhaps partners willing to join me in carrying the torch,” he wrote. While observers generally saw it as a welcome alternative to out-of-state ownership, some wondered if his position imperiled the industry if he sold his company to the wrong buyer.īrower acknowledged swirling rumors that he was planning a sale in an Tuesday afternoon email to Masthead staff obtained by the BDN, emphasizing that he was only beginning the search for a new owner and is open to many options, including converting the business to a nonprofit.
It also ushered in a type of consolidation seen rarely across the country, winning Brower national attention.
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