'Santa Barbara News-Press' Bankruptcy Limps Along

The Santa Barbara Independent

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'Santa Barbara News-Press' Bankruptcy Limps Along

In the bankruptcy of the Santa Barbara News-Press, much hinges on the ownership of the company’s two buildings: 715 Anacapa Street downtown and 725 South Kellogg Avenue in Goleta, which were assessed in 2000 at $27.5 million. When the daily paper’s parent company, Ampersand Publishing LLC, went into Chapter 7 last July, it declared it had $116,000 in assets and $5 million in liabilities. The two buildings had been transferred by owner Wendy McCa…