Weekly News in 2025? Time will tell
The La Conner Weekly News is at a crossroads as publisher Ken Stern considers a sale to the La Conner Community News group, led by board chair Andrew Ashmore. The group recently offered $125,000, which Stern found frustratingly low compared to the $162,000 he believes is fair when accounting for inflation since his purchase in 2017. In response, Stern proposed a price below $200,000, with performance payments structured over five years, reflecting his desire for a deal that recognizes his investment and the paper's value. The urgency of the negotiations is heightened by the approaching holiday season, which could affect publication continuity and legal notice revenues crucial for the paper. Stern's commitment to local journalism is evident as he aims to finalize an agreement that benefits both parties.
The community group is equally invested in ensuring that La Conner retains its local news source, with plans for continuity if the sale proceeds. Hiatt from the Washington Newspaper Publishers Association is advocating for Stern to remain involved through March 2025 to assist with the transition. Meanwhile, alternative options are being explored, including a potential interest from Adams Publishing Group.