The Grand Forks Herald won a Pulitzer Prize for Public Service for its coverage of the 1997 flood but the prize was bittersweet, as the Herald building had not only been inundated but, ironically, burned to the ground in the midst of the floodwaters. Despite losing its offices during the flood, the Herald never missed a day of publication. Temporary offices were set up at the University of North Dakota and at a nearby elementary school. Papers were distributed free of charge to flood refugees in neighboring towns.
Knight Ridder sold the Herald to The McClatchy Company on June 27, 2006. McClatchy had already arranged the sale of the Herald to Forum Communications, owner of The Forum of Fargo-Moorhead and WDAZ-TV in Grand Forks. Today, the Herald is one of many regional newspapers published by Forum Communications.