Tag Archives: Paul Belogour

Some Rich Guy is Buying Up Southeast Vermont

Until today, I’d never heard of Paul (nee Pavel) Belogour, a native of Belarus who’s made a fortune in international investing and related software. Now, he’s the incoming owner of three newspapers in southern Vermont: the Brattleboro Reformer, Bennington Banner, and Manchester Journal. The big prizes are the Reformer and Banner, the only two daily newspapers south of Rutland.

This is either a really good thing or a really bad thing. When an oligarch swoops in and buys media outlets, it may be out of a true sense of obligation to support journalism. The owner’s deep pockets can counter the effects of the news business’ decline. Or it might just be a matter of collecting trophies and buying influence with little regard to the health of the publications. On the rich-guy scale, this purchase amounts to spare change.

Oh, and his native country is a corrupt dictatorship which ranks… let’s see… 158th on Reporters Without Borders’ ranking of 180 countries. RWB noted that Belarus is “the most dangerous country in Europe for media personnel.” Let’s hope Mr. Belogour doesn’t practice his homeland’s approach to the press.

The Reformer and Banner have been circling the drain for some time. How they’ve survived the pandemic on top of all that, I have no idea. But it’s not surprising that Massachusetts-based New England Newspapers, which bought the papers a few years back with an eye toward enhancing the bare-bones operations, has now decided to sell out.

There is another dimension to this. Belogour has been buying up properties in southeast Vermont at a rapid clip. He’s well on his way to becoming a real economic force in the region. And now he’s going to control the daily newspaper? That’s troubling.

So let’s look at the available Google trail on Mr. Belogour, shall we?

Continue reading