JUNCTION CITY - Financial woes have forced the closure of two small weekly newspapers.
The Tri-County News in Junction City and the West Lane News in Veneta stopped publishing on Tuesday night, The Register-Guard reports.
Publisher Andrew Polin says he just doesn't have the money to continue and hopes someone can come along and resurrect the publications.
Polin bought the two weeklies in April 2008. The economy in the Junction City area was hurt this year when recreational vehicle maker Country Coach filed for bankruptcy.
Polin says he tried to renegotiate a loan but was unsuccessful. If successful, his annual debt payment would have dropped by about $50,000, he said.
Polin also owes money to the city of Junction City, which contributed $100,000 via its economic development loan program when Polin bought the papers.
- Associated Press