Reade Francis Brower is a media owner known for owning a majority of the newspapers in Maine during his tenure as owner of MaineToday Media. His network of owned papers was described by The Maine Monitor as a "near-monopoly".[1]
Reade Brower | |
|---|---|
| Born | 1956 or 1957 (age 67–68) |
| Spouse |
Martha Brower (m. 1985) |
Personal life edit
Brower grew up in Westborough, Massachusetts, to his adopted parents Carmel and Richard. He attended the University of Massachusetts Amherst, and graduated in 1978 with a degree in marketing. As of 2018, he is married to Martha McSweeney Brower (née Martha McSweeney). They were married in 1985.[2]
Career edit
Prior to owning newspapers, Brower was an entrepreneur who started several companies, including an auto catalog and direct-mail company that advertised to 600,000 Maine households each week.[3] In 2015, Brower bought MaineToday Media from financier S. Donald Sussman.[4] He continued purchasing Maine newspapers;[a] in 2017, he was the owner of 24 papers in Maine, including four of the state's seven daily newspapers.[5] In 2018, he had acquired six of the seven daily papers in the state (the exclusion being the Bangor Daily News).[6]
On March 30, 2023, he announced he was looking to sell or take on investors to Masthead Maine, the successor to MaineToday.[7] On March 31, Bangor Daily News reported that he owned five dailies and 25 weeklies, and six specialty publications.[8] He was 66 at the time.[9] On July 10, 2023, Bangor Daily News reported that Brower had sold the five daily newspapers and 17 weeklies he owned to the National Trust for Local News, a non-profit.[10]
MaineStay Media edit
He also owns 6 weeklies that were not included in the 2023 sale: The Ellsworth American (Ellsworth), The Mount Desert Islander (Bar Harbor), The Courier-Gazette (Rockland), The Republican Journal (Belfast), The Camden Herald (Camden), and The Free Press (Camden).[11][12] Those six papers had united under the company MaineStay Media in 2022.[13]
Notes edit
- ^ See MaineToday Media § Brower for an outline of some acquisitions.
References edit
- ^ McCarthy, Patricia (2018-05-28). "Constant Concern and a Glimmer of Hope". The Maine Monitor. Retrieved 2023-09-24.
- ^ McCarthy, Patricia (2018-06-06). "Owning It: Reade Brower has followed heart, instincts throughout his career". The Maine Monitor. Retrieved 2023-09-24.
- ^ Richardson, Whit (2015-05-04). "MaineToday buyer: Entrepreneur with a community focus". Portland Press Herald. Retrieved 2023-09-24.
- ^ Fishell, Darren (2015-04-28). "Press Herald papers purchased by midcoast businessman Reade Brower". Bangor Daily News. Retrieved 2023-09-24.
- ^ Carpenter, Murray (2017-11-27). "Meet the Media Mogul of Maine". The New York Times. ISSN 0362-4331; republished in the Rutland Herald as "The unassuming media mogul of Maine (and Vermont)".
- ^ "Owner Of Maine's Biggest Newspaper Buys More Publications". Maine Public. 2018-03-23. Retrieved 2023-09-24.
- ^ Craig, Steve (2023-04-24). "Press Herald owner considering sale of his newspapers to new nonprofit". Portland Press Herald. Retrieved 2023-09-24.
- ^ Valigra, Lori; Shepherd, Michael (March 31, 2023). "Press Herald owner considers selling his Maine newspaper empire". Maine Public. Contributions by Paul Koenig. Bangor Daily News.
- ^ "Masthead Maine exploring the sale of 30 newspapers". AP News. 2023-03-30. Retrieved 2023-09-24.
- ^ "Maine newspaper empire will sell to a national nonprofit". Bangor Daily News. July 10, 2023.
- ^ Monitor, The Maine (2023-07-10). "Nonprofit to buy Portland Press Herald and other Maine papers". The Maine Monitor. Retrieved 2023-09-24.
- ^ Burnham, Kevin (2023-07-19). "Keeping the mastheads". Boothbay Register. Retrieved 2023-09-30.
- ^ "Local news outlets join forces as MaineStay Media". The Courier-Gazette. 2022-01-06. Retrieved 2023-09-24.
External links edit
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