by Amy Gillentine Published: November 2,2011
Freedom Communication, which owns the local daily The Gazette, will sell its television division to Sinclair Broadcast Group of Maryland. The company’s flagship paper, The Orange County Register, is reporting that the $385 million deal will erase the debt owed by Freedom and its newspapers. Freedom owns eight television stations, and the deal will close in four [...] [...]
by Rob Larimer Published: March 10,2010
A bankruptcy court judge approved the sale of the East Valley Tribune and other Phoenix-area media holdings yesterday to a Colorado company for $2.05 million. The sale by Freedom Communications includes the Tribune, Ahwatukee Foothills News, Sun City Daily News-Sun and Arizona Interactive, a commercial printer and publisher of The Clipper, in addition to sister Web [...] [...]
by John Hazlehurst Published: March 9,2010
Tags: Freedom Communications, gazette
Freedom Communications, the bankrupt owner of the Colorado Springs Gazette, has won court approval of a reorganization plan. Judge Brendan Shannon of the U.S. bankruptcy court in Wilmington, Delaware approved the plan that had been crafted by attorneys for and its secured and unsecured creditors. The plan represented a significant victory for the unsecured creditors, who had [...] [...]
by Associated Press Published: February 16,2010
Freedom Communications asked a bankruptcy judge Tuesday to approve the sale of the East Valley Tribune and several other Phoenix-area publications for about $2 million. Irvine, Calif.-based Freedom Communications Holdings Inc. put the Tribune up for sale shortly after it filed for bankruptcy protection in September. The company said it planned to close the paper Dec. [...] [...]
by John Hazlehurst Published: September 1,2009
Tags: bankruptcy, Freedom Communications
Company reports more than $1 billion in debt Freedom Communications Inc., owner of more than 30 daily newspapers including The Gazette, filed for Chapter 11 bankruptcy protection in U. S. Bankruptcy Court in Wilmington, Del., this morning. According to Bloomberg News, the company said that it has assets of between $500 million and $1 billion, eclipsed by more [...] [...]
by John Hazlehurst Published: August 31,2009
The Wall Street Journal reported yesterday that Freedom Communications, parent company of the Colorado Springs Gazette and more than 100 other media properties, will file for bankruptcy this week. The WSJ said that the chain would be taken over by the banks that hold the company's debt and that present equity holders would be wiped out. [...]
by John Hazlehurst Published: July 16,2009
In an interview with the Orange County Register published earlier this week, Burl Osborne, the interim CEO of Freedom Communications, said that the company is in discussions with its bankers about "restructuring." Freedom, which owns dozens of media properties, including the Register and the Colorado Springs Gazette, is more than $700 million in debt. [...]
by John Hazlehurst Published: June 18,2009
Freedom Communications has named Burl Osborne, former publisher of The Dallas Morning News and former chairman of the board of The Associated Press, as its new CEO. He will take over next month for Scott Flanders, who left the job to take the helm at Playboy Enterprises. Osborne has served on Freedom’s board as an independent director since [...] [...]
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