The bankrupt Boston Herald has received a third bid less than a week from its chapter 11 auction, with MediaNewsGroup hoping to add the newspaper to its current roster of about 100 publications in states that include California, Colorado and Massachusetts, WSJ Pro Bankruptcy reported. Brown Rudnick LLP, the law firm handling the chapter 11 bankruptcy for the Boston Herald and related companies, on Thursday confirmed the third bid, from MediaNewsGroup. The terms of the offer weren’t immediately disclosed, but under rules approved by Judge Laurie Selber Silverstein in U.S. Bankruptcy Court in Wilmington, Del., a new offer will be considered a “qualified” bid if it, among other things, exceeds the two current proposals by at least $600,000.
