Texan Brian Ferguson, managing principal of Anthem Newspaper Holdings, plus a group of other Texas-based investors, are reportedly seeking to buy the Star-Bulletin, the paper says in a report that cites sources familiar with the bidding process.
The Star-Bulletin's owner put the paper up for sale to win U.S. Justice Department approval for its purchase of Gannett's Honolulu Advertiser. That deal was announced in late February. All of the Advertiser's 600 employees were given layoff notices, although many presumably would be re-hired by the Advertiser's presumptive new owner, Oahu Publications, should the deal be consummated.
But Oahu's business plan is predicated on the demise of the Star-Bulletin, which few think will actually be sold. So, it's unclear what would happen to the deal with Gannett should the Star-Bulletin survive under new owners.
[Image: today's paper, Newseum]