A newly formed local group is seeking to purchase The Press Democrat, a prominent regional newspaper in Santa Rosa, California, known for its journalistic excellence. Current owners, aging members of a local ownership group, are eager to find a responsible buyer. The local group's bid of $12 million surpasses a reported $8 million offer from Hearst, a major media corporation. Support from unions emphasizes the commitment to maintaining local staffing, contrasting with Hearst's potential for consolidation with its San Francisco Chronicle operations.
A newly formed local group is looking to acquire The Press Democrat, a regional newspaper in Sonoma County, away from the large Hearst Corporation's interests.
Cindy Gallaher, representing the local group, claims their bid is $12 million, exceeding the reported $8 million offer from Hearst.
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