• The Wall Street Journal, Sunday, August 30, 2009 7:54 PM

Freedom Communications, owner of the Orange County Register and other media outlets, will declare bankruptcy this week, say insiders. The Irvine, Calif.-based Freedom, which has been majority owned for more than 70 years by the Hoiles family, has reportedly reached agreements with its lenders to restructure its debts. With annual sales of about $700 million, Freedom owns more than 30 other daily newspapers and eight television stations.

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