Wall Street Journal | Bend Bulletin
The Bend (Ore.) Bulletin filed for bankruptcy protection this week in response to difficulty renegotiating $18 million in loans with Bank of America, “triggering a war of words on the newspaper’s pages that sings to the spirit of its feisty longtime publisher Robert Chandler,” reports Katy Stech. The bank said in the Bulletin story about the Chapter 11 filing that it tried to work out its disagreements with the newspaper. The paper fired back: “They tried to work with us all right – by doubling our interest rate.” B of A also declined to extend the period the paper has to repay the loan.
The paper’s top editor wrote on Wednesday (sub. req.) that the disagreement was “a sad, seemingly avoidable and unnecessary dispute with a once-trusted partner.”