Today's final edition of The Honolulu Advertiser ends a 154-year run that helped document and define the course of Island life from the days of the Hawaiian kingdom to the arrival of jets and the digital age.

Honolulu Star-Bulletin owner David Black is paying about $125 million to acquire The Honolulu Advertiser. The sale price — which a person familiar with the deal confirmed for the first time — is roughly half of the $250 million that former owner Gannett Co. paid for The Advertiser in 1992.

Advertiser timeline.