"Eugene Weekly Ceases Print and Lays Off Staff Amid $90K Embezzlement Crisis"

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Source: Fortune
"Eugene Weekly Ceases Print and Lays Off Staff Amid $90K Embezzlement Crisis"
Photo: Fortune
TL;DR Summary

The Eugene Weekly, an Oregon-based weekly newspaper, was forced to lay off its entire staff and cease print operations after uncovering that a former employee embezzled $90,000 and left over $100,000 in unpaid bills. The financial discrepancies were discovered just before Christmas, leading to a devastating layoff for the 10 staff members. The paper, which has been a significant local news source and training ground for journalism students, is now the subject of a police investigation and a fundraising effort to recover from the financial blow. Despite the challenges, the staff remains hopeful for the paper's revival.

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