Employee Stock Ownership Plan

The Guild has launched an effort to partner with investors in the community on an Employee Stock Ownership Plan to buy the newspapers.

After having an op-ed rejected, the Guild purchased an ad in the Maine Sunday Telegram and launched a Web site www.yourhometownpaper.org. In addition, the Guild has been actively seeking out investors in the community.

The effort has been successful. Several different groups came forward from the community, and the Guild is actively working with them.

Please visit the FAQ section on the Web site to learn more about ESOPs.