Media Blog

N.C. Town Finances Newspaper Expansion

A municipality lends a newspaper money to build bigger offices:

CARRBORO (AP) — A weekly newspaper asked for a loan and received $50,000 from a North Carolina town so it can print more copies, hire more staff and expand its office.

The Carrboro Board of Aldermen approved the loan Tuesday night for the Carrboro Citizen, a two-year-old publication. The money comes from a fund used to spark local business development, The News & Observer of Raleigh reported.

Alderman Dan Coleman said the town is lucky to have a growing newspaper in an age when other papers are cutting staff as revenue declines.

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