The Buffalo News now owns nearly 40 publication names formerly controlled by Community Papers of Western New York, following a Thursday auction.
Community Papers shut its doors in late July, marking the end of several Sun papers, Pennysavers and other publications that had served Western New York communities. The company had filed for bankruptcy.
The News was Community Papers’ largest secured creditor and is owed $1.7 million.
The News submitted a credit bid of $200,000 for all 36 trade names, prevailing over the only other bidder, Bradford Publishing of Bradford, Pa., whose highest bid was $175,000.
“We’ve got meetings the next couple of days to decide what we’re going to do” with the publication names The News acquired, said Warren T. Colville, publisher and president of The News.
The Community Papers trade names were also auctioned in separate lots that grouped the publications’ names geographically. Bradford submitted a high bid of $10,000 for a lot that included the Amherst/Clarence Pennysaver, and the same amount for a lot that included the Hamburg Sun. But The News still won ownership of those names, because its $200,000 bid for the entire roster of publication names was higher.
Seven other individual lots of names attracted no bidders.