It appears that Saddleback has been sold to a group of Australian investors. Details are sketchy, but stakes are in the ground for the Rangeley replacement.
I think this is unfortunate for the Saddleback community. There is every reason to believe that the Aussies will attempt to compete directly with Sugarloaf and I don't think there are enough skiers in that region to support two Sugarloaf-style areas. I suspect those who like a lower key ski area in that part of Maine will find their way to BMOM or Mt. Abrams.