Monks named to MaineToday Media board

PORTLAND — MaineToday Media Inc. has named a Cape Elizabeth man to its board of directors.

Robert C.S. Monks is one of two Mainers who have invested in the company.

Monks' cousin, John Higgins, is also an investor. Higgins is principal of Ram Trust Services in Portland.

MaineToday Media Inc. owns the Portland Press Herald/Maine Sunday
Telegram, the Kennebec Journal in Augusta and the Morning Sentinel in
Waterville – all daily newspapers – as well as, the
Coastal Journal and The Maine Switch.

Monks is an entrepreneur who was President Barack Obama’s state campaign chairman last year.

Higgins invested on behalf of Ram Trust, while Monks invested his own money, said Richard L. Connor, MaineToday’s chief executive officer. The amount of their investment was not disclosed.

The company’s board now consists of Connor, Monks and Peter Brodsky of HM Capital in Dallas, according to a written statement from MaineToday Media. Brodsky is Connor’s primary financial partner in MaineToday.

Connor, who is editor and publisher of the three newspapers, said the board will have three seats reserved for the company’s unions. Those seats have not yet been filled.

Monks and Higgins will bring a broad set of business skills to the board, Connor said.

The two “could bring in ideas from other companies to help us at a time when newspapers are evolving and changing,” Connor said.

He said Monks and Higgins played a crucial role in his acquisition of MaineToday, as HM Capital would not back the purchase unless Connor could show support from local investors.

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