Potential Blethen newspaper buyers optimistic about news

by Dieter Bradbury, Blethen Maine Newspapers

The investment group that hopes to buy the Blethen Maine Newspapers includes partners with experience in newspapers and new media, as well as close family, business and political ties in Bangor.

Robert Baldacci, one of four key partners in Maine Media Investments, said Thursday the group is eager to invest in Maine newspapers and optimistic that the Blethen properties, including the Portland Press Herald/Maine Sunday Telegram, have a healthy future.

"The conventional wisdom is that the newspaper business is a dying business," said Baldacci, a lawyer, developer and brother of Gov. John Baldacci. "We don't think that's the case."

In addition to Baldacci, the key partners in the investment group include former U.S. Sen. and Defense Secretary William S. Cohen and his son, Kevin; investor and developer Michael Liberty; and Richard L. Connor, a newspaper publisher and editor.

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article originally published at http://morningsentinel.mainetoday.com/news/local/5281344.html.

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