The Herald-Dispatch
CHARLESTON, W.Va. — HD Media, the parent company of The Herald-Dispatch, is the successful bidder for the purchase of bankrupt Charleston Newspapers after the withdrawal of a bid previously made by Ogden Newspapers.
HD Media managing member Doug Reynolds said he had bid $11,487,243 for the organization, compared with Ogden’s original bid of $10.911 million.
According to court documents, Ogden Newspapers withdrew its bid prior to the newspaper’s court-ordered auction Thursday afternoon and did not show up for the bidding, leaving HD Media the only remaining bidder.
Read the entire article: http://www.herald-dispatch.com/news/hd-media-wins-bid-for-charleston-newspapers-after-rival-withdraws/article_a38f9c0d-43c4-56b3-a733-b31b9f160fa7.html
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