Eugene

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Eugene Weekly falls victim to embezzelment and is about to go out of business (eugeneweekly.com)

submitted 1 year ago by [email protected] to c/eugene

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If you're a long time reader of the EW you may have noticed the paper has been cost cutting lately. I assumed it was effects from the pandemic, but they're actually been the victim of embezzlement. Here are some bits from the article.

There will be no print paper edition of EW, for the first time in more than 20 years. And we are fighting like hell to print another one.

Shortly before Christmas, we discovered that EW had been the victim of embezzlement at the hands of someone we once trusted.

We’ve discovered that many companies we do business with ... haven’t been paid in months. EW employees who thought they were paying into retirement accounts have learned the money never arrived at its destination. We had to lay off the entire 10-person staff EW three days before Christmas. One of our biggest creditors, our printer, says it will print EW again only if we pay upfront.

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[–] jordanlund 7 points 1 year ago

OK, so whose name just got pulled off the masthead? I really hope they're being prosecuted and some of the money clawed back.

[–] [email protected] 7 points 1 year ago (1 children)

That fuckin sucks; Eugene Weekly was such a big part of the culture for me. A nice little spread with lots of local stuff. Absolutely gutted.

[–] [email protected] 3 points 1 year ago

Yeah. I can't imagine Eugene without the EW.

[–] kescusay 3 points 1 year ago

Ah man, that sucks! I hope they survive, and get at least some of their money back from the embezzler.