Rhode Island firm bids on debt-laden Bend Bulletin, spokesperson for Redmond

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A Rhode Island company is about to buy central Oregon’s only daily newspaper for a song.

In bankruptcy court papers filed Friday, Western Communications disclosed a $2.25 million bid from Rhode Island Suburban Newspapers (RISN) to buy the Bend Bulletin and the weekly Redmond Spokesman, not including any real estate.

RISN is bidding on another Western Communications newspaper and its California real estate, the Sonoran Union Democrat. The group of investors was founded in 2007 as a subsidiary of the Canadian company Horizon Publications. He owns a series of dailies and weeklies, mostly in Rhode Island.

Bend-based Western Communications will not survive the bankruptcy protection that is driving these sales. This will end a century of local ownership of the Bulletin, including 70 years by the Chandler family. The liquidation proceeds will be used to pay off $30 million in debt, about two-thirds of which is secured by a single creditor from a previous bankruptcy.

Read the full article on Oregon Public Broadcasting.

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