NH guarantees part of loan to Claremont newspaper

AP-NH — Newspaper Loan,0134

NH guarantees part of loan to Claremont newspaper

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CLAREMONT, N.H. (AP) — The state of New Hampshire is guaranteeing part of a loan to the new owner of the Claremont Eagle Times newspaper.

Last Wednesday New Hampshire’s Executive Council approved without debate the “working capital loan guarantee,” which will be administered by the state’s Business Finance Authority.

The Valley News of Lebanon says the authority and the state would be liable for $187,500 of a $250,000 loan from the Connecticut River Bank to the paper’s owner, Eagle Printing.

The Claremont-based newspaper ceased publishing on July 10, putting 95 people out of work. In September it was bought by Sample News Group of Pennsylvania, which rehired about 25 people.

The new Eagle Times resumed publishing on Oct. 12.

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Information from: Lebanon Valley News, http://www.vnews.com