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Kutak Rock Represents National Trust for Local News in Asset Purchase

News | August 10, 2023

Kutak Rock recently represented the National Trust for Local News, a national nonprofit dedicated to preserving and providing long-term sustainability for local news sources, in its asset purchase of The Portland Press Herald and four other daily and 17 weekly newspapers from Masthead Maine. The newspapers, in southern and western Maine, will continue to operate independently.

In 2021 the National Trust for Local News was established in Denver, Colorado with a goal of preserving local news outlets by helping them find ways to become sustainable. The organization also owns 24 community newspapers in Colorado which they acquired in 2021 with Kutak Rock’s assistance.

Partner Lee Sachnoff and associate Taylor Rabb advised National Trust for Local News on the transaction.

With more than 45 attorneys, Kutak Rock’s national M&A practice group has built its reputation as a leader in middle-market M&A transactions. The group’s experience includes representing buyers, sellers, and private equity groups in domestic and cross-border transactions. Kutak Rock is recognized as one of only 32 law firms trusted most for M&A by The BTI M&A Outlook 2022 report.