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Freedom Communication Evaluates Buyer Bids

  • Reuters, Monday, November 22, 2010 12:31 AM
Freedom Communications is entertaining offers from would-be buyers for some of its properties, which include newspapers and TV stations. It would not name the bidders or what properties they expressed interest in owning. Freedom Communications operates more than 90 newspapers and eight TV stations in several states including Florida, North Carolina and Michigan. It is also the publisher of the Orange County Register, located in Los Angeles, one of the most competitive newspaper markets in the United States.

n May, Freedom emerged from bankruptcy in a reorganization that wiped out $450 million of debt. A group of investment companies and lenders including Angelo Gordon & Co and JPMorgan Chase assumed ownership.

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