Freedom Communications Inc. in Irvine, parent of The Orange County Register, today completed the sale of the paper and six other remaining properties to 2100 Trust LLC, an investment group headed by a Massachusetts businessman. Terms of the deal were not disclosed. <\/p>\n
The other Freedom properties include The Gazette in Colorado Springs, The Sun in Yuma, Ariz., and four California papers, the Barstow Dispatch, Appeal-Democrat in Marysville, The Porterville Recorder and the Daily Press in Victorville. <\/p>\n
The Orange County Register headquarters building is on Grand Avenue in Santa Ana. <\/p>\n
FILE PHOTO, THE ORANGE COUNTY REGISTER <\/p>\n
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As part of the deal, Freedom Communications will make an additional one-time contribution to the company's retirement plan. The amount of the contribution was not disclosed. <\/p>\n
The new owner will also continue to operate the company under the Freedom Communications name. <\/p>\n
Mitch Stern, Freedom's chief executive, praised Freedom's excellence in journalism and commitment to engaging with the community. <\/p>\n
\"We're very pleased that the name is being passed to new ownership that firmly believes newspapers continue to play an essential role in providing the news and information that is vital in the lives of the communities they serve,\" Stern said. <\/p>\n
Aaron Kushner, chief executive of 2100 Trust, also cited Freedom's journalistic excellence and community involvement. <\/p>\n<\/p>\n
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Freedom's sale of Register complete<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Freedom Communications Inc. in Irvine, parent of The Orange County Register, today completed the sale of the paper and six other remaining properties to 2100 Trust LLC, an investment group headed by a Massachusetts businessman. Terms of the deal were not disclosed Continue reading