The Joplin Globe, Joplin, MO

Business

June 1, 2012

Freedom sells 4 Midwest newspapers

IRVINE, Calif. — Freedom Communications Inc. has completed the sale of four newspapers in the Midwest to an affiliate of Versa Capital Management LLC.

Terms were not disclosed.

The four newspapers are The Telegraph in Alton, Ill., the Journal-Courier in Jacksonville, Ill., The Sedalia Democrat in Sedalia, Mo., and The Lima News in Lima, Ohio.

Irvine, Calif.-based Freedom owns The Orange County Register and dozens of other newspapers, along with television stations and websites.

The privately held company emerged from Chapter 11 bankruptcy in 2010 after creditors, led by JPMorgan Chase, cut its debt by nearly 60 percent to $325 million in return for control of the company.

 

1
Text Only
Business
Poll

Missouri's sales tax-free weekend begins Friday. Do you plan purchases around this weekend?

A. Yes.
B. No.
     View Results
Facebook
Twitter Updates
Follow us on twitter
NDN Video
Netanyahu Vows to Destroy Hamas Tunnels Obama Slams Republicans Over Lawsuit House Leaders Trade Blame for Inaction Malaysian PM: Stop Fighting in Ukraine Cantor Warns of Instability, Terror in Farewell Ravens' Ray Rice: 'I Made a Huge Mistake' Florida Panther Rebound Upsets Ranchers Small Plane Crash in San Diego Parking Lot Busy Franco's Not Afraid of Overexposure Fighting Blocks Access to Ukraine Crash Site Dangerous Bacteria Kills One in Florida Workers Dig for Survivors After India Landslide Texas Scientists Study Ebola Virus Smartphone Powered Paper Plane Debuts at Airshow Southern Accent Reduction Class Cancelled in TN