Eugene

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Eugene Weekly falls victim to embezzelment and is about to go out of business (eugeneweekly.com)

submitted 10 months ago by [email protected] to c/[email protected]

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If you're a long time reader of the EW you may have noticed the paper has been cost cutting lately. I assumed it was effects from the pandemic, but they're actually been the victim of embezzlement. Here are some bits from the article.

There will be no print paper edition of EW, for the first time in more than 20 years. And we are fighting like hell to print another one.

Shortly before Christmas, we discovered that EW had been the victim of embezzlement at the hands of someone we once trusted.

We’ve discovered that many companies we do business with ... haven’t been paid in months. EW employees who thought they were paying into retirement accounts have learned the money never arrived at its destination. We had to lay off the entire 10-person staff EW three days before Christmas. One of our biggest creditors, our printer, says it will print EW again only if we pay upfront.

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