BANGOR, Maine — Bangor Metro, a 6-year-old magazine that focuses on business, lifestyle and opinion in eastern Maine, is being sold to a group of Bangor-area business leaders, Publisher Mark Wellman confirmed Tuesday.
Webster Atlantic Corp., the magazine’s publishing company, has entered into an agreement with a group of Bangor business professionals who will take over the magazine.
“We have personally decided to move in a different direction in our lives. But that does not mean that we are not proud of the work that was done on this magazine,” Wellman said of his decision to sell the monthly publication.
The purchase price was not disclosed.
“We wish the new owners the best of luck, and look forward to reading more great stories about the Bangor region and its people, businesses and attractions for years to come,” Wellman said.
Jack Cashman, a longtime local businessman who served as senior economic adviser and commissioner of economic and community development in the Baldacci administration, is the majority investor. The names of the other investors were not available Tuesday.
“This is a popular magazine,” Cashman said in a news release issued Tuesday. “The positive tone of this magazine is one of the reasons I have been interested in it.”
“We will continue that positive focus on the Bangor region and eastern Maine and add a few new features to enhance the interest of the readers,” Cashman said. “We’re excited about this and look forward to the next issue and future monthly issues hitting newsstands.”
While the sale is not yet complete, plans to release a March issue of Bangor Metro are moving forward.
Webster Atlantic’s other publications, Real Maine Weddings and Maine Ahead magazine, also are being sold but are not part of the Bangor Metro deal, according to the news release.
Marketing to old people in eastern Maine still lives
Apparently you have never read the magazine….very nice publication…..best of luck to the new owners……
I’ve read it and many of the topics are aimed directly at the ‘old’ audience… as in “best doctors of central maine” etc. I can’t remember all of them, but I did eventually let my subscription expire because the magazine seemed too focused on the older generations for me.
Hey, we live in a aged part of an aged state, what should I expect. All I knew is that it didn’t appeal a whole lot to someone in their mid 30’s.
And you have a bias against old people because…..
And I assume you don’t intend to become one. Bath salts can help.
Well done Mark!! Congrats and best wishes.
Sounds like this magazine is done. Too bad, because it was cool while it lasted.
Please, was really ever COOL? The New Yorker it is not.
What happened to Leslie Bowman ??
Say goodbye to this mag…If it lasts out the year I’ll be shocked.
Great. Now that Wellman isn’t involved, I might start reading it.
The story should read “Bangor Metro nearly loses everything because current owner borrowed every dime from evryone, EVERYONE, then drove it into the ground, so Jack Cashman is coming in to save the day” The only chance this magazine had was to have a guy like cashman on board. Good luck Jack.
ya right, LOL!!! It speaks for itself….
I personally wouldn’t hire him to pump gas!!! I hope he invested he personal money and not some new inc, money paid for by windpower companies that he regulates on the board of the PUC.. that he can bankrupt and walk away freely…
The PUC does not regulate “windpower” comanies. That comes under LURC. Why so negative on Cashman. Jealous or what?