Private equity firm HM Capital Partners LLC and Maine native Richard Connor will likely close on a deal to buy Blethen Maine Newspapers from the Seattle Times Company in the next few days, according to a report in the Wall Street Journal. The deal hinges on union approval tomorrow.
Blethen properties include the Portland Press Herald/Maine Sunday Telegram, the Morning Sentinel and the Kennebec Journal as well as the portal Mainetoday.com. The struggling newspaper group has been on the selling block for over a year and will likely change hands at....