Maine journalism nonprofit to dissolve after sale of state newspaper empire

A nonprofit group that partnered with a nationwide media nonprofit to purchase Masthead Maine is about to dissolve now that the newspaper sale has been finalized.

The Maine Journalism Basis, together with funding from the Nationwide Belief for Native Information, bought the Portland Press Herald, plus 4 different each day and 17 weekly newspapers  in July.

The remaining funds within the Maine Journalism Basis’s coffers shall be transferred to the Maine Belief for Native Information, which is assessed as a “low revenue legal responsibility” firm by the state, and is a  subsidiary of the Nationwide Belief, in line with the  Press Herald.