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They Still Are Buying Newspapers (Companies, That It Is)
Philip Stone January 8, 2009
These are dark days to be making newspaper deals, but they are still getting done, albeit in the small to mid-size markets. A buyer has come forward for the two newspapers in Connecticut that the Journal-Register Company had threatened to close down, and in Maine the Blethen family has a deal for their three dailies, but had to extend the deadline while the buyers continued to try and come up with the financing. No one said that even at very low prices it was going to be easy.
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