Pravda here we come!

Via Jim Geraghty, I see the state of New Hampshire has decided it's wise to finance a local newspaper:

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 story of this highly questionable arrangement was broken on the blog of a former Claremont city councilor. They ask the relevant question:

“So which government officials helped broker the loan guarantee for the Eagle Times?,” wrote former Claremont City Councilor Jim Sullivan, who first reported the deal on his blog, The Sullivan Report. “Because the New Eagle Times is now beholden to government officials for what appears to be crucial financing, this could prove to be a conflict of interest for the newspaper.”

Beltway ConfidentialUS

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

San Francisco lacks housing data that would let it track rental vacancies and prices. New legislation is seeking to change that.<ins> (Photo by Joel Angel Jurez/2016 Special to S.F. Examiner)</ins>
Landlords blast proposal to require annual report on rentals as invasion of privacy

Housing inventory could give city better data on housing vacancies, affordability

Health care workers would be the first group in the state to receive the COVID-19 vaccine. (Go Nakamura/Getty Images/TNS)
Hope on the way: Here’s what to know about California’s COVID-19 vaccine plan

The first batch of doses could hit the state as soon as early December

The Big Game was played Friday at Memorial Stadium in Berkeley. (Shutterstock)
Stanford blocks extra point to stun Cal, win 123rd Big Game 24-23

The 123rd edition of the Big Game featured a number of firsts.… Continue reading

Psilocybin magic mushrooms (Shutterstock)
‘Magic mushrooms’ moving into the mainstream

Efforts to decriminalize psychedelics could follow several different paths

The 2020 Census has concluded taking responses sooner than expected. (Courtesy photo)
What does California have to lose if undocumented immigrants are excluded from the census?

By Kim Bojórquez The Sacramento Bee If The U.S. Supreme Court rules… Continue reading

Most Read