Friday, May 1, 2009

Family-owned Washington newspaper seeks Chapter 11 bankruptcy protection

The Columbian Publishing Co. filed for Chapter 11 bankruptcy protection on Friday in a move to resolve credit issues with Bank of America, primary lender on its multimillion dollar downtown building project completed last year.

Scott Campbell, publisher of the independent daily newspaper serving Clark County and Southwest Washington, said operations will continue unaffected by the filing and that his company will emerge from the situation in a few months "with renewed vigor and excitement for the future."

The Vancouver-based three-generation family-owned publishing company with 259 employees operates The Columbian newspaper, established in 1890 and the Web site www.columbian.com.


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