Link to the Herald report.
Digital First Media won the Boston Herald in a five-hour bankruptcy auction with an $11.9 million bid that all but settles who will carry the news organization into the next chapter of the city’s rich media history.
The Denver-based company fought off two other suitors — GateHouse Media and Revolution Capital — yesterday afternoon in the 18th-floor offices of the Herald’s bankruptcy attorneys, Brown Rudnick.
This is probably good news. I don’t know anything about Digital First, and I imagine the transition will be tough on the existing staff. But I would really hate to see Boston become a one-newspaper town. Newspapers still matter.