Boston Herald files for bankruptcy protection to pursue sale [Reuters]
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Source: Reuters
Boston Herald files for bankruptcy protection to pursue sale | Reuters 3 Min Read SAN FRANCISCO, Dec 8 (Reuters) - The parent company of the Boston Herald filed for Chapter 11 bankruptcy on Friday and will look to sell the newspaper to Gatehouse Media LLC, a move that underscores the hard times facing traditional print journalism. Publisher and owner Patrick Purcell broke the news personally to the newspaper’s staff and said in a letter to employees that a court-supervised sale was the best option for the Boston Herald, which traces its roots to 1846, to stay in business. “All I ever wanted to do was keep the Boston Herald alive,” Purcell said in the letter, according to the newspaper’s report of the sale and the bankruptcy filing. “And it is with this pending sale that I am able to do that in these difficult newspapering times.” “I am certain this is the best pathway forward for you and for the newspaper we have nurtured together, in my case, for the last 33 years,” said Purcell. The
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