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Sussman buys stake in MaineToday Media

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The Portland Press Herald is reporting that Donald Sussman, billionaire husband of Maine Congresswoman Chellie Pingree, has loaned the financially-troubled MaineToday Media between $3 million and $4 million in exchange for a 5% ownership stake and a seat on the board of directors.

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During the interview, Sussman said he has no intent of using his new position to advance his personal views. He said he sees the investment largely as a civic responsibility, not a business venture.

“I will have nothing to do with editorial policy and control or anything like that,” he said.

About Steve Robinson

Steve Robinson is the Editor-in-Chief of The Maine Wire.

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