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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