A Denver-based company has emerged as the winning bidder for the Boston Herald that filed for bankruptcy in December, the Associated Press reported. Digital First Media's $11.9 million bid beat two other bidders for the Boston Herald in a five-hour bankruptcy auction held on Tuesday. The bid needs approval from a bankruptcy court judge, and a hearing is scheduled for tomorrow. Digital First owns hundreds of publications, including the Lowell Sun and Sentinel & Enterprise of Fitchburg, Mass. The Boston HeraldBoston Herald publisher Patrick Purcell previously cited declining revenue, digital media and growing competition in the decision to file for chapter 11 bankruptcy.
