Star-Bulletin owner makes bid for Canadian newspaper chain
The owner of the Honolulu Star-Bulletin has joined the bidding for bankrupt Canwest Global Communications Corp's newspaper assets, the Globe and Mail newspaper reported today.
The bid from David Black, founder of Black Press Ltd, will compete with offers from at least six other bidders for publications including Canwest's flagship National Post, the Ottawa Citizen and Montreal Gazette, the Globe report said.
Platinum Equity LLC, a California private equity firm, is the most likely backer of Black's bid, the Globe reported, citing unnamed sources.
Black announced last week that he had reached an agreement with Gannett Co. to buy the Honolulu Advertiser for an undisclosed amount.