From the Wall Street Journal:
Final bids are due this week in the auction of Freedom Communications Inc. as several private-equity firms and media companies circle the publisher of the Orange County Register, said people familiar with the matter.
Bids for assets of the Irvine, Calif., media company, which owns the Register as well as other newspapers and local television stations, are due Thursday, the people said. Possible bidders include Denver Post publisher MediaNews Group Inc.; Tribune Co.; Gores Group; and Platinum Equity, owner of the San Diego Union Tribune, these people said.
Freedom, which emerged from Chapter 11 bankruptcy-court protection last April, is giving bidders several options. Suitors can make offers for the entire company or they can separately bid on Freedom's eight television stations, its more than 100 daily and weekly newspapers or the Register alone.
Locally, of course, the Register publishes the Capistrano Valley News.
For sale: Tired Old Newspaper with unsustainable ad rates
For sale: Tired Old Water Company with unsustainable water rates
For sale: Tired Old GWRP - never realized the dream
Same story in all places. The prices got so high, the advertisers went elsewhere. The water rates got so high that consumption actually went down. Too bad we planned for all this growth. Census tells us it didn't happen in the last 10 years. Instead, we exported the rich residents and imported the poor. This is not a success of water conservation. It's a simple matter of survival. The poor don't water their lawns. More and more of our middle-class are doing the same. Brown is the new green.
For sale: Ventanas
For sale: Lower Rosan
For sale..
Posted by: Jim Reardon | March 10, 2011 at 11:09 PM
Same old comments from reardon......
Posted by: sjclocal | March 11, 2011 at 08:45 PM