Potential Sale of Honolulu Star-Advertiser Owner: Latest News and Updates

2024-01-16 01:27:00

HONOLULU (HawaiiNewsNow) – The Canadian company that owns the Honolulu Star-Advertiser, Hawaii’s largest newspaper, might be put up for sale under a court-supervised restructuring plan.

The plan, aimed at reducing debt, includes a potential sale of Black Press companies to its two largest debt holders along with community media company Carpenter Media Group.

An announcement released Monday said the sale would include a capital injection from the potential new owners that would allow Black Press companies and newspapers, including the Star-Advertiser, to continue operating. Any sale from the restructuring is expected to be completed by March 15.

Dennis Francis, president and CEO of Oahu Publications and publisher of the Honolulu Star-Advertiser, said in a news release that operations are expected to continue “uninterrupted.”

In addition to the Star-Advertiser, Oahu Publications, Inc. also puts out MidWeek, the Garden Island, Hawaii Tribune-Herald and West Hawaii Today along with several specialty magazines.

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