March 7, 2008
DECD to investigate Times Record layoffs
Layoffs at the Times Record, a daily newspaper in Brunswick, have drawn scrutiny from the head of the state Department of Economic and Community Development.
The paper's new owner, Sample News Group of Pennsylvania, laid off 10 people at the paper after it completed the purchase in late February, according to the Sun Journal in Lewiston.
John Richardson, head of the DECD, said Tuesday he questions the layoffs, which reduced the Times Record staff to 115 people, because the company financed the purchase with a $7 million tax-free bond from the Finance Authority of Maine. When asking for the bond, an attorney for Sample News Group said the bond would help the paper "maintain current head count and payroll," according to the Sun Journal.
The paper's new owner, Sample News Group of Pennsylvania, laid off 10 people at the paper after it completed the purchase in late February, according to the Sun Journal in Lewiston.
John Richardson, head of the DECD, said Tuesday he questions the layoffs, which reduced the Times Record staff to 115 people, because the company financed the purchase with a $7 million tax-free bond from the Finance Authority of Maine. When asking for the bond, an attorney for Sample News Group said the bond would help the paper "maintain current head count and payroll," according to the Sun Journal.
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