Freedom Communications, which owns the OC Register and related weekly papers here as well as publications and television stations across the country, have broken down, according to reports. The various reports say MediaNews, a huge chain, was in talks to buy Freedom, which it valued at $700 million.
Freedom came out of bankruptcy last year and now controllled by creditors. MediaNews has a reputation as a cost-cutting, financial tight-ship.
I didn't see the story in the Register ...
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