Bulletin Files for Chapter 11 Bankruptcy | Bent
Search
Settings

Coverage for Central Oregon, by Central Oregonians.
100% Local. No Paywalls.

Every day, the Source publishes a mix of locally reported stories on our website, keeping you up to date on developments in news, food, music and the arts. We’re committed to covering this city where we live, this city that we love, and we hear regularly from readers who appreciate our ability to put breaking news in context.

The Source has been a free publication for its 22 years. It has been free as a print version and continued that way when we began to publish online, on social media and through our newsletters.

But, as most of our readers know, times are different for local journalism. Tech giants are hoovering up small businesses and small-business advertising—which has been the staple for locally owned media. Without these resources, journalism struggles to bring coverage of community news, arts and entertainment that social media cannot deliver.

Please consider becoming a supporter of locally owned journalism through our Source Insider program. Learn more about our program’s benefits by clicking through today.

Support Us Here

Wednesday, August 24, 2011

Bulletin Files for Chapter 11 Bankruptcy

The Bulletin, citing a dispute with Bank of America over its loans, has filed for chapter 11 bankruptcy.

Posted By on Wed, Aug 24, 2011 at 6:31 PM

The Bulletin announced on the front page of this morning’s paper that its parent company, Western Communications, had filed for Chapter 11 bankruptcy in a federal court yesterday.

The article, which ran alongside a lengthy front-page editorial by editor John Costa, insists that the company, and in turn, The Bulletin, would continue to operate and that the bankruptcy move is intended to protect the company while it renegotiates the terms of its $18 million in loans with Bank of America.

Bulletin publisher Gordon Black was quoted as saying that the argument between the company and the bank is focused on the interest rates and terms of the loans. Black also said in the article that Western Communications’ revenues have dropped by about 25 percent since 2007.

We’re awaiting a return call from Black for further comment on today’s news and we’ll keep you posted as we learn more.


Pin It
Favorite

Comments (6)

Showing 1-6 of 6

Add a comment

 
Subscribe to this thread:
Showing 1-6 of 6

Add a comment

Newsletter Signup

Get Central Oregon daily news
directly in your inbox

More by The Source Staff

Latest in Bent

© 2020 LAY IT OUT INC | 704 NW GEORGIA AVE, BEND, OREGON 97703  |   Privacy Policy

Website powered by Foundation