Reade Brower

Last updated
Reade Brower
Born1956or1957(age 66–67)
Spouse
Martha Brower
​
(m. 1985)​

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]

Contents

Personal life

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

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; [lower-alpha 1] 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

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

  1. ↑ See MaineToday Media § Brower for an outline of some acquisitions.

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References

  1. ↑ McCarthy, Patricia (2018-05-28). "Constant Concern and a Glimmer of Hope". The Maine Monitor. Retrieved 2023-09-24.
  2. ↑ McCarthy, Patricia (2018-06-06). "Owning It: Reade Brower has followed heart, instincts throughout his career". The Maine Monitor. Retrieved 2023-09-24.
  3. ↑ Richardson, Whit (2015-05-04). "MaineToday buyer: Entrepreneur with a community focus". Portland Press Herald . Retrieved 2023-09-24.
  4. ↑ Fishell, Darren (2015-04-28). "Press Herald papers purchased by midcoast businessman Reade Brower". Bangor Daily News . Retrieved 2023-09-24.
  5. ↑ 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)".
  6. ↑ "Owner Of Maine's Biggest Newspaper Buys More Publications". Maine Public . 2018-03-23. Retrieved 2023-09-24.
  7. ↑ Craig, Steve (2023-04-24). "Press Herald owner considering sale of his newspapers to new nonprofit". Portland Press Herald . Retrieved 2023-09-24.
  8. ↑ 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.
  9. ↑ "Masthead Maine exploring the sale of 30 newspapers". AP News . 2023-03-30. Retrieved 2023-09-24.
  10. ↑ "Maine newspaper empire will sell to a national nonprofit". Bangor Daily News . July 10, 2023.
  11. ↑ Monitor, The Maine (2023-07-10). "Nonprofit to buy Portland Press Herald and other Maine papers". The Maine Monitor. Retrieved 2023-09-24.
  12. ↑ Burnham, Kevin (2023-07-19). "Keeping the mastheads". Boothbay Register. Retrieved 2023-09-30.
  13. ↑ "Local news outlets join forces as MaineStay Media". The Courier-Gazette. 2022-01-06. Retrieved 2023-09-24.


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