Former Katahdin Paper owner gets $212K in suit
A Pennsylvania newspaper has been ordered to pay the former owners of Katahdin Paper Co. in East Millinocket more than $200,000 for paper ordered last year. Katahdin Paper Co. filed a lawsuit against Wilkes-Barre Publishing Co. in February.
In the suit, Katahdin Paper said Wilkes-Barre Publishing, dba Impressions Media, ordered 840 tons of paper that was delivered but was not paid for as of July 2011, the Bangor Daily News reported. The company agreed to make weekly payments but never finished, leaving a $177,815 balance. The Penobscot County Superior Court ruling ordered the company to pay $212,152 to include fees and interest.
The East Millinocket mill was previously operated as Katahdin Paper and owned by Brookfield Asset Management, which sold it and its sister property in Millinocket last fall to Cate Street Capital. It's now known as Great Northern Paper. A Brookfield Asset Management spokeswoman would not comment on the case.
Wilkes-Barre Publishing prints The Times Leader. Wilkes-Barre President Prashant Shitut said the nonpayment issue related to the newspaper's former owner and said the company has had no recent troubles paying vendors. One of those former owners is Richard Connor, the former CEO of MaineToday Media. Connor bought MaineToday, which owns the Portland Press Herald, Kennebec Journal and Morning Sentinel, in 2009 and resigned as CEO last year.
Last fall, MaineToday was sued by a North Carolina paper company for $120,000 in back payments. The suit was settled this spring, according to the Daily News.
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