Duo including MaineToday owner purchasing Vermont newspapers
Reade Brower, the principal owner of MaineToday Media, and Chip Harris, co-founder of the North Haverhill, N.H.-based Upper Valley Press Inc., have entered into an agreement to purchase a pair of Vermont newspapers.
The Bangor Daily News has reported that the duo will be buying the Rutland Herald and the Barre-Montpelier Times Argus from the Herald Association, which has been owned by the Mitchell family since 1947 and 1946, respectively.
“These principles have, in recent years, been challenged by the rapidly changing business environment for newspapers everywhere, and in particular for independent, family-owned newspapers,” R. John Mitchell, chairman and president of the Herald Association, wrote in an article about the sale, according to the BDN. “In Reade, we believe we have found a steward for the newspapers who has both the entrepreneurial spirit and record that is crucial, and the community focus and commitment to journalism that has been at the core of our mission for decades. The simple truth is that, as a family, we felt that if we were unable to continue that mission, we needed to find someone who could.”
Terms of the deal were not disclosed.
Brower, who lives in Camden, purchased MaineToday Media in June 2015. He also is the owner of Alliance Press, a commercial printing company in Brunswick, and publishes four weeklies in Midcoast Maine.
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