IRVINE, Calif.--(BUSINESS WIRE)-- <\/p>\n
Publication name in fourth graph should read The Porterville Recorder (sted The Porterville Record). <\/p>\n
The corrected release reads: <\/p>\n
ACQUISITION OF FREEDOM COMMUNICATIONS BY 2100 TRUST, LLC IS COMPLETED <\/p>\n
Freedom Communications, which grew from R. C. Hoiles 1935 acquisition of what was then the Santa Ana Register to become, at one time, one of the largest media companies in the country, today came under new ownership with the completion of the transaction by which it agreed to be acquired by media company 2100 Trust, LLC, Freedom and 2100 Trust, LLC jointly announced. <\/p>\n
It was also announced that the company, under its new ownership, would continue to operate as Freedom Communications. <\/p>\n
The value of the transaction was not disclosed. In conjunction with the completion of the merger, Freedom Communications has elected to make an additional one-time contribution to the Retirement Plan of Freedom Communications, Inc. <\/p>\n
The businesses coming under the new ownership include the flagship Orange County Register, the Barstow, CA Desert Dispatch, The Gazette in Colorado Springs, CO, the Marysville, CA Appeal-Democrat, The Porterville Recorder in Porterville, CA, the Victorville, CA Daily Press and The Sun in Yuma, AZ along with their associated non-daily publications, and specialty publications and digital properties. <\/p>\n
Over the past several months Freedom completed the sale of its other newspaper assets and broadcast properties. <\/p>\n
Over many decades Freedom Communications has been a name recognized for the excellence of its journalism as well as the depth of its commitment to engagement with its communities, said Mitch Stern, the outgoing Freedom Chief Executive Officer. Were 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 so vital in the lives of the communities they serve. <\/p>\n<\/p>\n
View original post here: IRVINE, Calif.--(BUSINESS WIRE)-- Publication name in fourth graph should read The Porterville Recorder (sted The Porterville Record). The corrected release reads: ACQUISITION OF FREEDOM COMMUNICATIONS BY 2100 TRUST, LLC IS COMPLETED Freedom Communications, which grew from R. C Continue reading
\nCORRECTING and REPLACING Acquisition of Freedom Communications By 2100 Trust, LLC Is Completed<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"