A Rhode Island company is poised to buy Central Oregon’s only daily newspaper for a song.

In bankruptcy court documents filed Friday, Western Communications revealed a $2.25 million bid from Rhode Island Suburban Newspapers (RISN) to buy the Bend Bulletin and the weekly Redmond Spokesman, not including any real estate.

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RISN is bidding on another Western Communications paper and its real estate in California, the Sonoran Union Democrat. The investor group was founded in 2007 as a subsidiary of Canadian company Horizon Publications. It owns a string of dailies and weeklies, most in Rhode Island.

Bend-based Western Communications will not survive the bankruptcy protection driving these sales. That will end a century of  local ownership over the Bulletin, 70 years of that through the Chandler family. The proceeds of the liquidation will go toward paying down $30 million in debt, about two thirds secured under a single creditor from a previous bankruptcy.

This week, the court authorized the terms of sale for Oregon-based bidders Country Media and EO Media Group to buy Western Communications newspapers in LaGrande, Baker City, Brookings and Crescent City, California.

A hearing about the Bulletin sale is scheduled for July 29.

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