Thursday, April 17, 2008

Newspaper Guild Exploring Employee Ownership

Times Co. puts Maine newspapers on market discusses how the Seattle Times Co. is trying to sell its Maine newspapers and hopes to complete a sale within a year. Newspaper guild retains advisor, announces exploration of bid for Blethen Newspapers notes that the Portland Newspaper Guild has hired a consultant and is exploring an employee ownership model to purchase the Blethen Maine Newspapers:

"The Newspaper Guild welcomes any ownership alternative for the Blethen Maine Newspapers that continues to recognize the importance of union representation of its work force," the labor group said in a release. "The Guild also believes that an employee-ownership model backed by community-minded investors would likely serve as the best structure for preserving local control and journalistic integrity."

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