The parent compay of the Observer… Western Communications… filed for protection Tuesday under Chapter 11 of the federal bankruptcy code. Western Communications previously filed for Chapter 11 protection in August of 2011 following a three-year dispute with the Bank of America, the company’s largest creditor at the time. In addition to The Observer, Western Communications owns five newspapers in Oregon and two in California. They say they need to restructure for a changing media world, as many newspapers have also had to do.
