MPBN has a great roundup of the potential problems that surround the group of investors seeking to buy the Blethen newspapers.
Al Diamon, of course, has more, and notes that Michael Liberty once hired a private investigator to track a Press Herald reporter who was writing about his financial difficulties. That reporter was, ironically, none other than Dennis Bailey, now a very high-profile public relations specialist (and blogger) who also happens to be the spokesman for the group of investors.
The pseudonymous author of the Pressing The Herald blog reports that a new coalition of local notables has formed which may purchase the floundering Portland Press Herald and the other Blethen newspapers.
Ex-U.S. Sen. Bill Cohen; his son Kevin; local lightning-rod businessman Michael Liberty; the governor's big brother, Robert Baldacci; and Willkes Barre businessmen/publisher Richard Connor have formed a coalition to negotiate a sale with the wretched Blethens.
This comes as the paper's union works desperately to avert more job losses by asking its members to take voluntary, unpaid vacation time.
In related news, Robert Baldacci and the rest of the governor's family are selling the site of the current Baldacci Restaurant and will be moving it to another location in Bangor, possibly on the waterfront.
UPDATE: After technical difficulties all morning, the Press Herald website now has an article up about the potential buyers.