Blethen Maine Newspapers CEO Denies Shutdown Reports

Article excerpt

The Publisher of the Portland Press Herald/Maine Sunday Telegram has denied reports that the paper could shut down soon, saying that the rumour is the result of reading court documents out of context.

Charles C. Cochrane, publisher/CEO of Blethen Maine Newspapers, told employees in an e-mail Tuesday that an affadavit filed in a court case said it was possible the company could be dismantled without a sale. But he maintains that outcome is neither imminent nor likely.

"Blethen Maine Newspapers is not likely to be closed down soon, and that has not been asserted in the court filing," Cochrane wrote to employees.

Blethen Maine publishes two daily papers in addition to the Press Herald/Sunday Telegram: the Kennebec Journal in Augusta, and the Morning Sentinel in Waterville. The company is currently negotiating a sale to Maine Media Investments, a group that includes William S. Cohen, a former U.S. senator from Maine and former secretary of defense; businessman Robert Baldacci, brother of Maine Gov. John Baldacci; developer Michael Liberty; and Richard L. …