The melancholy aphorism from “shirtsleeves to shirtsleeves in three generations” describes how too many family businesses transition from start up to tear down by the time the founder’s grandchildren are ready to move into the corner office.

WEEU, the oldest continually operated radio station in Reading, will remain on the airwaves.

With the impending sale of the Reading Eagle Co. to Media News Group of Denver, the company has issued a notice that calls for the elimination of 81 jobs effective June 30 – the day the sale is expected to be complete.

The Reading Eagle is reporting that its parent company has attracted a qualified bidder to purchase the company out of bankruptcy.