Post, Camera, Times-Call considered for sale

DENVER — Digital First Media, the operator of The Denver Post, announced Friday that it will “evaluate and consider strategic alternatives” that could lead to the sale of some or all of the company.

CEO John Paton, in a story published on the Denver Post’s website, said the company has retained UBS Securities to review a full range of alternatives — including selling the entire company, selling regional clusters or doing nothing.

Digital First Media also operates the Daily Camera in Boulder, Longmont Times-Call, Colorado Daily, Broomfield Enterprise and Colorado Hometown Weekly.

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“We believe we have many options available to us to maximize the value of our businesses for our stockholders and the board of directors has therefore decided to assess the full range of these opportunities,” Paton said in the story.

In a statement, the company said there are no assurances that the process will result in a transaction or transactions or on the timing of any decisions. The company also said that it will not disclose developments in the process until the board decides how it will proceed.

Digital First, based in New York, was formed in December 2013 with the merger of MediaNews Group and the former Journal Register Co. It is the nation’s second-largest newspaper company, based on circulation, operating in 15 states, with 800 multiplatform news and information products, including 76 daily and Sunday newspapers and 160 weeklies. The company said it serves 75 million customers monthly.

The company is controlled by the hedge fund Alden Global Capital.