No. 36 — EXPANSION
Price of Fame
The Titan Takes Controlling Stake in Port Vane Tribune
Lester T. Briggs has taken a controlling stake in the Port Vane Tribune, extending his media holdings beyond New Atlas and adding one of the coast’s oldest regional papers to a portfolio already spanning print, property and distribution.
The deal is understood to value the Tribune at $18.6 million, with Briggs acquiring 62% of voting shares through Titan Holdings. Executives say the paper will retain its name, newsroom and local identity while gaining access to wider printing, advertising and circulation networks.
