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Sun journal4/28/2023 The origins of Sun Media Group date to a weekly paper founded in 1847, according to the Sun Journal’s website. The sale will end more than a century of Costello ownership at the Lewiston newspaper. … We’re not going to do anything to disrupt the autonomy.” “I think that’s one of the reasons why the Costellos were looking at an organization like ours to lead (Sun Media Group) forward. “I don’t believe in cut and slash,” Brower said. The sale does not include employee contracts, but it is anticipated that most employees will be rehired for their current jobs and pay rates.Īll Sun Media Group papers are expected to continue publishing. 1, is an asset sale, meaning the buyer only purchases certain assets and liabilities from the seller. The transaction, which is scheduled to close Aug. It includes the daily Sun Journal, the Forecaster and Current Publishing weekly newspapers in southern and coastal Maine, seven other weekly publications in western Maine, and three magazines.īrower is buying Sun Media Group under a new company, SJ Acquisition, which will operate separately from MaineToday Media, which has media properties that include the Portland Press Herald/Maine Sunday Telegram, Kennebec Journal, Morning Sentinel and The Coastal Journal. Sun Media Group employs 225 people at its newspapers and commercial printing operation. Brower’s move to expand his media footprint and keep the Sun Journal under local control contrasts with what is occurring in most media markets, where newspapers are increasingly owned by national chains that consolidate operations and cut costs in a bid to seek profitability. The sale dramatically expands Brower’s holdings, bringing many of Maine’s newspapers, including most of its dailies, under his ownership. ![]() "It's a bit of a bittersweet day," said Steve Costello of Sun Media Group. The sale to Reade Brower of Camden will end more than a century of Costello family ownership of Lewiston newspapers.
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