Digital First Media won the Boston Herald in a five hour bankruptcy auction with an $. million bid that all but settles who will carry the news organization into the next chapter of the city s rich media history. The Denver based company fought off two other suitors GateHouse Media and Revolution . Digital First Media emerged as the winning bidder for the Boston Herald with a package that totaled nearly $ million.. Digital First Media emerged Tuesday evening as the winner of an auction to buy the bankrupt Boston Herald, with a bid that more than doubles what GateHouse Media put forward in the initial offer for the news outlet. The Colorado based company bid $. million for the Herald, according to a . Digital First Media, a national newspaper chain that has earned a reputation for relentless cost cutting, emerged as the winning bidder for the. investment firm Alden Global Capital, beat out two other bidders with a package that totaled nearly $ million, according to the Herald s law firm, Brown Rudnick..
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