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 [...] [...]
by John Hazlehurst Published: November 26,2010
Tags: newspapers, The Gazette
With The Gazette in all probability on the sales block, the natural question that follows is, what’s it worth? The old gray lady of Prospect Street ain’t what she used to be. Here is a breakdown of the factors any buyer would consider, based on hard numbers reviewed by the Business Journal: Buildings and equipment [...] [...]
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 admin Published: March 16,2009
Tags: April 7, ballot, KOAA, Tax, The Gazette
A forum to discuss tax measures on the April 7 ballot is scheduled for 11 a.m. today in the Carnegie Room of the Penrose Public Library at 20 N. Cascade Ave. The Gazette and KOAA-TV are sponsoring the forum. News reporters from both organizations will ask questions of the supporters and opponents of the measures. Tax questions [...] [...]
by Amy Gillentine Published: March 6,2009
Tags: lie, resume, Steve Pope, The Gazette
The CEO of RadioShack was fired after it was discovered he didn’t graduate from MIT. One of the chefs on a Food Network program never cooked for England’s royal family. And it appears that Gazette publisher Steve Pope didn’t actually help start a newspaper in Houston. While lying on resumes is common — exactly how [...] [...]
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