The newspaper’s publisher Patrick J. Purcell has told employees that the Boston Herald is being sold to GateHouse Media.
According to a story published by the Herald the Boston-based publisher was selling the tabloid to allow it to continue operating whilst it sorts out its debt problems.
The company employed 900 people at it’s peak in 2000.
The Herald currently employs around 240 people, with 120 working in the newsroom, the story said.
The Herald filed for Chapter 11 in Delaware, the newspaper said.
In a letter to employees, Purcell wrote: “I am very proud of the spectacular management team with whom I have worked hand in hand over the years.”
“And I am equally as proud of the excellent staff in all areas of our company who have worked tirelessly to make the Boston Herald a relevant and respected provider of local and regional news for Boston and the area.”
The sale is still pending court approval.