According to motions filed this week in bankruptcy court, two Oregon media companies want to buy most of Western Communications’ community newspapers for a combined price of more than $1.1 million. EO Media Group would pay $775,000 for The Observer in La Grande and the Baker City Herald. Country Media Inc. would pay $350,000 for the remaining properties. The proposed buyers have requested hearings on June 27 in U.S. Bankruptcy Court in Portland. If approved, closings would occur within days after the court orders the sales. Meanwhile, competing bids may be submitted no later than June 21st.
The company’s real estate is being marketed separately. Neither company has proposed to buy any of the real estate involved.