BRUNSWICK — Brunswick Publishing, owner of the Times Record newspaper, announced July 13 that it is selling the Times Record building and its Alliance Press printing division to pay back property taxes.
According to town Finance Director John Eldridge, the company owes the town just over $272,000 and its last payment was made in 2011.
George Sample, owner of Brunswick Publishing, said in a story published by the Times Record that the buyers are current Brunswick Publishing President Chris Miles and RFB Co-Op of Rockland.
Sample called the sale “more of a financial restructuring.” He said all current employees will retain their jobs.
Eldridge said the he was unsure of when the company would pay its tax bill, but he has heard payment could be made as early as Friday.