TVNewser Jobs PRNewser Jobs AgencySpy Jobs SocialTimes Jobs

Bids For Star-Bulletin Too Low, DoJ Says: Now The Merger Begins

Honolulu Advertiser
The bids submitted for the Honolulu Star-Bulletin weren’t high enough to prohibit Honolulu’s two biggest papers from merging, Hawaii News Now reports.

To comply with antitrust laws, the Department of Justice was forcing Star-Bulletin owner David Black to solicit bids for the paper before he merged it into Hawaii’s largest paper, the Honolulu Advertiser. The Star-Bulletin actually received three bids, but now the Department of Justice is saying the merger can go ahead anyway&151;the bids were all too low.

In the next 30 to 60 days, the papers will become the Honolulu Star-Advertiser, and Oahu Publications will begin interviewing the 300 Star-Bulletin employees and 500 Advertiser employees to figure out who to keep on at the new paper.

Wayne Cahill, of the Hawaii Newspaper Guild, says it will be “very bad. Many of the employees have been with the paper for years and now they will be out on the streets.”

Mediabistro Course

Management 101

Management 101Become a better manager in our new online boot camp, Management 101! Starting October 27, MediabistroEDU instructors will teach you the best practices being a manager, including, how to transition into a management role, navigate different team personalities, plan a team event and more! Register now!