Tag Archives: Connecticut

Reuters: Connecticut papers saved by new investor

Two Connecticut dailies facing closure have been rescued after a new buyer for the titles was found.

Michael Schroeder, owner of Central Connecticut Communications, will buy The Bristol Press and The Herald of New Britain at a time when some media commentators are calling for US state aid to help ailing newspapers.

Reuters: Government aid could save US newspapers

Connecticut’s Department of Economic and Community Development steps offers tax breaks and training funds to ailing newspaper publishers, setting a worrying precedent for the independence of the ‘free press’.