As best as I can figure out — and I’ve been making some inquiries — it’s all about GateHouse’s $1.2 billion debt. But as McConville notes, when you talk to insiders, you can’t help but be surprised by lack of panic.
What you hear is that the debt has been structured in a way that makes it quite a bit less onerous than outside analysts assume. The truth? Well, it’s out there, I guess.
As for the closing of those two papers, it’s always a shame when the doors are padlocked, but this doesn’t strike me as a huge deal. The weekly Taunton Call and Avon Messenger operated in the shadow of the Taunton Gazette and the Brockton Enterprise, dailies also owned by GateHouse. The company’s Wicked Local Web sites for the two communities remain intact.