Digital First Media top bidder in auction for Boston Herald

BOSTON — A Denver-based company has emerged as the winning bidder for a Boston newspaper that filed for bankruptcy in December.

Digital First Media's $11.9 million bid beat two other bidders for the Boston Herald in a five-hour bankruptcy auction held Tuesday.

The bid needs approval from a bankruptcy court judge, and a hearing is scheduled for Friday.

Digital First owns hundreds of publications, including the Lowell Sun and Sentinel & Enterprise of Fitchburg in Massachusetts.

Job cuts are expected. The Herald has around 240 employees, and previous bidders agreed to keep at least 175.

Herald publisher Patrick Purcell previously cited declining revenue, digital media and growing competition in the decision to file for Chapter 11 bankruptcy.

Must Read

Timbuktu mausoleum destruction suspect set to...

Aug 21, 2016

An Islamic radical accused of involvement in destroying historic mausoleums in the Malian city of...

Turkey accuses Germany of 'Nazi' practices; rift...

Mar 5, 2017

A diplomatic rift between Turkey and key European nations deepened Sunday as President Recep Tayyip...

Turkey-Dutch relations shatter after Turkish...

Mar 12, 2017

The escalating dispute between NATO allies Turkey and the Netherlands hit a new low Sunday, with a...

The Latest: Turkish prime minister vows strong...

Mar 12, 2017

The Latest: Turkish Prime Minister Binali Yildirim says his country will strongly respond to Dutch...

The Latest: French candidate Macron welcomes...

Mar 16, 2017

French presidential candidate Emmanuel Macron has welcomed Prime Minister Mark Rutte's victory in...