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Tag Archive | "bankruptcy"

Who will buy the Gazette?

Thursday, March 4, 2010

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The Gazette’s parent, Freedom Communications, is expected to exit from bankruptcy within six weeks. Under the company’s plan for reorganization, secured creditors led by JPMorgan Chase & Co. will own all of the company’s equity. That won’t last. The banks must, by law, divest themselves of their interests in the company within five years. In […]

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WSJ blogs about Hoiles, Freedom

Wednesday, December 9, 2009

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Peg Brickley’s blog on the Wall Street Journal’s Web site might be of interest to Colorado Springs residents. Titled “Bankruptcy Beat,” it’s devoted to Springs resident Tim Hoiles, who reportedly cashed out his 8.6 percent stake in the family business, Freedom Communications, which owns the Gazette, for a cool $142 million. He’s sitting pretty – and that’s […]

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