Adapted from Wikipedia...
The Berkshire Eagle, "The Eagle" as it is called locally,
is a daily newspaper published in Pittsfield, Massachusetts. The paper's circulation covers all of Berkshire County,
which is the western-most Massachusetts county bounded on the north by Vermont. the south, Conneciticut,
and the west by New York.. For many "hilltowns" residents, The Eagle is their defacto pulp daily news source.
Founded in the early 1890s by Kelton Bedell Miller,
The Eagle has been owned since 1995 by MediaNews Group, which publishes three other daily newspapers in Massachusetts and several others
in western New England, including the other leading newspaper based in Berkshire County, the North Adams Transcript.
The Eagle's last independent publisher was Michael G. Miller,
grandson of Kelton, Michael was president of The Eagle Publishing Company which owned
- The Berkshire Eagle -- Pittsfield MA -- Daily
- The Middletown Press -- Middletown, CT --
- The Bennington Banner -- Bennington VT --
- The Brattleboro Reformer -- Brattleboro VT -- Daily
- The Journal in Manchester -- Manchester VT -- Weekly
Brother Mark C. Miller was editor of The Eagle, while brother
Kelton B. Miller II was publisher of the Vermont newspapers. Sister, Margo Miller, a writer for The Boston Globe, was
a on Eagle Publishing's Board of Directors.
In the early 1990s, in need of more space due to the purchase
of multi-million dollar four-color printing presses, the company moved from it iconic and eponymous "flatiron"
building on Eagle Street to the former Shaeffer-Eaton paper mill building about one half mile away.
Rather than build new, the Millers chose to renovate a nearby
former Sheaffer-Eaton stationery company paper mill. The cost of the entire project—at $23.5 million for presses, land
Unfortunately, by the time the new headquarters construction was
complete, with staff moved in, and 'bugs' worked-out from the new presses, the regional economy was feeling the effects of
recession. Moreover, City of Pittsfield was imploding with the loss of the General Electric Transformer Division
that had required about 10,000 jobs.
Obviously, The Eagle's circulation and advertising revenues
plummeted. Worse, the local real estate went bust.
therefore, the extra office space that the Millers had built into the renovated structure -- space intended for renting out
to help service company debt -- was not attracting tenants.
The result was a severe cash crunch: Revenues were insufficient
to service the eight-year, $17.9 million mortgage, taken to finance the presses and renovation, which
was held by State Street Bank & Trust Company in Boston,
The Millers sought an investor who would help them weather
the current fiscal storm. This was their preferred option. Optionally, the Millers sought a buyer for the entire publishing
group to keep the company intact so that they would not have to sell assets piecemeal.
In 1995, the Millers accepted an offer from MediaNews
Group, a company founded by William Dean Singleton of Denver, Colorado. Singleton, the publisher of the Denver Post and owner
of a string of daily newspapers throughout the country, was in the business of acquiring publishing properties at firesale
Singleton agreed to purchase the assets of the Eagle Publishing
Company, including all its newspaper and publishing properties and debt, but conditioned his investment on absolute control.
The Millers became "retired."
The transaction closed on September 1, 1995. Simultaneously,
MediaNews Group sold the Middletown Press to the Journal Register Company. The following year, MediaNews added the North Adams
Transcript to its western New England holdings.