Now! Hampshire » Claremont Eagle Times http://www.nowhampshire.com News from New Hampshire Thu, 09 Sep 2010 13:57:31 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 State loan guarantee to NH newspaper called “thought control” on Glenn Beck Show http://www.nowhampshire.com/2009/11/10/state-loan-guarantee-to-nh-newspaper-called-%e2%80%9cthought-control%e2%80%9d-on-glenn-beck-show/ http://www.nowhampshire.com/2009/11/10/state-loan-guarantee-to-nh-newspaper-called-%e2%80%9cthought-control%e2%80%9d-on-glenn-beck-show/#comments Wed, 11 Nov 2009 03:03:56 +0000 Patrick http://www.nowhampshire.com/?p=3222 “What is the paper going to come out for when there is a race against a politician who favors their subsidy?”

]]> http://www.nowhampshire.com/2009/11/10/state-loan-guarantee-to-nh-newspaper-called-%e2%80%9cthought-control%e2%80%9d-on-glenn-beck-show/feed/ 3 State bails out Claremont Eagle Times with loan guarantee http://www.nowhampshire.com/2009/11/08/state-bails-out-claremont-eagle-times-with-loan-guarantee/ http://www.nowhampshire.com/2009/11/08/state-bails-out-claremont-eagle-times-with-loan-guarantee/#comments Sun, 08 Nov 2009 13:32:21 +0000 Patrick http://www.nowhampshire.com/?p=3199 Kevin Landrigan of the Nashua Telegraph reports on a decision this week by the state’s Executive Council to guarantee a loan of $250,000 to a bankrupt newspaper that is now owned by an out-of-state media company.

NowHampshire.com has inquired as to whether the newspaper will be covering Executive Council races in the 2010 election. We await a reply.

Sign of the Times

The council approved a state guarantee loan of up to $250,000 for the new publishers of the resurrected Claremont Eagle Times.

The loan is for working capital for Eagle Printing and Publishing, the company linked to the Pennsylvania media group that emerged as the suitor after its previous ownership sought bankruptcy protection four months ago.

The lenders will pay an interest rate of 5 percent for the first year and following that, the prime lending rate plus 1.25 percent.

For its part, the guarantee makes the state liable for up to 75 percent of any amount on which the group defaults.

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