Bay State Banner
Commonwealth Magazine reports Mel Miller has put his "his stunning New Hampshire vacation home" on the market to repay the the $278,000 or so he owes the BRA for a loan that helped keep his Bay State Banner afloat in 2009.
The loan was for $200,000, but, you know, interest.
The Bay State Banner reports Gregory Groover, paster of Charles Street AME Church, admitted in bankruptcy court that he lied when he said the church had never missed a payment to OneUnited Bank when it was actually late on 43 of 56 payments and completely missed the last two payments before OneUnited moved to foreclose and the church filed for bankruptcy.
Interesting story, but... Read more
Mel Miller says only fools would question his decision not to endorse, in reply to a question from Adam Reilly about the impression it had anything to do with that $200,000 loan Tom Menino got for him.
In the wake of the potential closing of the Bay State Banner Press Pass TV talks to Boston community members and media makers about the vital role that Ethnic and community media plays in creating a healthy community.
Bruce Mohl reports the BRA-controlled Boston Local Development Corp. agreed today to give Banner owner Mel Miller a $200,000, two-year loan - at 9% interest. Mohl provides some details of Banner finances and dishes how Tom Menino agreed to give the Banner a loan without ever actually consulting anybody on the non-profit corporation's board.
The Globe reports Tom Menino's decided to have the city loan up to $200,000 to investors in the Bay State Banner to help keep the paper going.
The money would come from a fund managed by the BRA. In April, the Banner called for Menino to resign because of the way the BRA was handling redevelopment of a parcel across from Boston Police... Read more
The Globe reports that Harvard law professor Charles Ogletree has rounded up 12 individuals and groups to put up enough money to keep the paper going. He didn't name them.
Adam Reilly reports on efforts by Charles Ogletree to revive the now defunct Bay State Banner.
When some newspapers fold up, they try to rebuild on the Web. Don't count on the Bay State Banner, which announced yesterday it's folding up as it tries to find new investors, to do the same. Read the comments last month from Sandra Casagrand, the paper's vice president of marketing, in a discussion on the future of freelancing. Casagrand basically says young people... Read more
The Banner, which serves Boston's black community, announced today it is suspending operations. Publisher Mel Miller's statement:
After careful consideration the Bay State Banner has decided to suspend publication. The severe reduction of advertising during this recession has placed an impossible burden on the resources of the 44 year old weekly newspaper. The Bay State Banner will resume publication only after satisfactory financial arrangements have... Read more
Last month, Candelaria Silva decried what she called the Black-on-Black crime of the eradication of Black cultural businesses and institutions in Boston. She ended by fretting about the fate of the Bay State Banner, whose owner has a white wife.
Last night, Silva posted an apology:
... The words I wrote have been running through my mind again and again. If I was... Read more