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Digital First Media enters $ 11.9M top bid for Boston Herald

Digital First Media snatched up the Boston Herald in a 5-hour bankruptcy auction with a top $ 11.9 million in the next chapter of the city’s media history. The newspaper company, which operates as Media News Group and owns hundreds of publications across the country, including the Denver Post, best-selling two-way followers – GateHouse Media and Revolution Capital. Digital First also owns the Lowell Sun and the Fitchburg Sentinel & Enterprise in Massachusetts. The result of today’s auction is confirmed by the Herald’s bankruptcy lawyers at the firm Brown Rudnick. The auction was held at the firm offices in Boston. The high bid is subject to court approval, and a hearing in court. GateHouse Media was the first to get $ 5 million, followed by a $ 5.75 million bid by the Revolution Media Group, a Los Angeles private equity company. The Herald and its Unions, avoiding a potential conflict, agree to a deal that requires them to be employed at least in the past.
Bidders not willing to abide by those conditions could instead pay $ 7 million. The Herald has a newspaper, website and Boston Herald Radio, as well as numerous social media platforms. Developing …

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