The trust also ran daily newspapers in Biddeford, Maine, and Little Falls, New York, as well as the family's charities.
To raise money for other obligations, the trust sold the papers in 1996 to CNC, then part of Fidelity Investments.
It was CNC's first foray into newspaper ownership outside Massachusetts; at the time, some speculated that the company would quickly turn around and sell the New York and Maine dailies; Elfers denied these rumors,[3] but within a year, CNC had indeed unloaded the Maine and New York papers.
[4] The new owner instituted a content-sharing arrangement between CNC and the Herald, resulting in a regular stream of Daily News stories appearing in the Boston newspaper.
That arrangement continued even after the Herald sold CNC to Liberty Group Publishing (later renamed GateHouse Media) in 2006.