A lead article “Bank hits PAM; Says school failed to make loan payments” opens “The Pennsylvania Academy of Music, which opened its stunning $25 million downtown facility last year, has defaulted on its construction mortgage and two other loans.”
WATCHDOG: The report is thorough and well written, probably stirred by the short press release from PAM that NewsLanc published the day earlier indicating discussions with its lenders.
This is an example of how efforts by a NewsLanc executive to assist from behind the scenes can on occasion inhibit our reporting. Our goal is to further the interests of the community. We are willing to pass up scoops.
