FW Biz Press Owner Sued Over Money Questions
Andrew Beaujon of the Bangor Daily News writes about how a Wilkes-Barre publishing company is suing former CEO Rich Connor.
Connor resigned from that company last year and returned to Fort Worth as owner and publisher of the Fort Worth Business Press. Connor was publisher of the Fort Worth Star-Telegram in the 1980s and 1990s.
Connor bought the Wilkes-Barre Times Leader for $65 million in 2006 just as the economic meltdown and digital evolution was putting a clamp on newspapers nationwide. The Times-Leader later sold for $5 million, and Connor returned to Cowtown.
Now a federal lawsuit is accusing Connor of playing funny with the money before he left Wilkes-Barre. Of course, anybody can sue anybody. Connor is wily; he probably covered his ass before fleeing Wilkes-Barre. We’ll see whether this lawsuit poses problems for him down the road.
Connor could not be reached for comment this afternoon.