New Grosse Pointe News owner Cotton plans changes to save it from folding Restructuring causes concern among some community members Son of Meridian Health founders also invests in cannabis industry Sean Cotton After purchasing the financially distressed Grosse Pointe News, new owner Sean Cotton said his next order of business is learning how to run a newspaper. Cotton, 43, whose family sold Meridian Health for $2.5 billion in 2018, took some time off to contemplate how to spend his time and wealth. As a man of many interests — art, philanthropy and the cannabis industry, as of late —Cotton said he's been intrigued by community news for years.