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CA: Freedom Communications may declare bankruptcy-source (Orange County Register owner )
Reuters ^ | Sun Aug 30, 2009 9:44pm EDT | Thomson Reuter

Posted on 08/30/2009 8:48:13 PM PDT by Ernest_at_the_Beach

Freedom could file bankruptcy this week - source

* Freedom has reached agreements with lenders - report (Recasts; adds new sourcing)

PHILADELPHIA, Aug 30 (Reuters) - Freedom Communications Inc, owner of the Orange County Register newspaper, is expected to file for bankruptcy this week, a source familiar with the situation said on Sunday.

Freedom, which has been majority owned for more than 70 years by the Hoiles family, has reached agreements with its lenders to restructure its debts, according to a report in the online edition of The Wall Street Journal. The lenders include JPMorgan Chase (JPM.N), SunTrust and Union Bank of California.

Freedom, which owns of more than 30 other daily newspapers and eight television stations, will continue to operate under bankruptcy protection, the Journal said.

(Excerpt) Read more at reuters.com ...


TOPICS: Breaking News; Business/Economy; US: California; US: Texas
KEYWORDS: deathwatch; newspapers

1 posted on 08/30/2009 8:48:13 PM PDT by Ernest_at_the_Beach
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To: NormsRevenge; abb; Grampa Dave; SierraWasp; kellynla; Brad's Gramma; A CA Guy

fyi


2 posted on 08/30/2009 8:49:02 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach

Well since the Recession is over, these journalists shall have no problem finding “shovel ready” jobs. :)


3 posted on 08/30/2009 8:58:43 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Ernest_at_the_Beach

What is the content of the paper like? Local TV stations are almost as bad as owning a newspaper.


4 posted on 08/30/2009 9:03:59 PM PDT by Frantzie (Lou Dobbs & Glenn Beck- American Heroes! Bill O'Reilly = Liar)
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To: Frantzie
They do some writing for local news stories....but reprint AP, NY Times and McClatchy Stories like all of the other papers,....

Good Editorial section on Sundays;

Lots of Big Home Ads and Car Ad's...

5 posted on 08/30/2009 9:14:26 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach; abb

hhhmmmmmm


6 posted on 08/30/2009 9:19:46 PM PDT by GeronL (http://libertyfic.proboards.com)
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To: Frantzie

Its just like a liberal daily but with conservative editorials and many conservative columns


7 posted on 08/30/2009 9:20:26 PM PDT by GeronL (http://libertyfic.proboards.com)
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To: Ernest_at_the_Beach; abb

isn’t this a top 10 circulation paper???


8 posted on 08/30/2009 9:21:25 PM PDT by GeronL (http://libertyfic.proboards.com)
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To: Ernest_at_the_Beach

um, Freedom is Libertarian in philosophy and many are pretty conservative....I work at one (for now).


9 posted on 08/30/2009 9:32:32 PM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: Tzimisce
Wellllll....Financial analysts in the US are cleaning up after the elephants at circuses and state fairs these days, I heard.

No kidding.

A real news article in the last day or so.

10 posted on 08/30/2009 9:33:27 PM PDT by AmericanInTokyo (When reality hits us that it's not "Incompetence" but rather "Intentional", what are we going to do?)
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To: GeronL
Not according to this:

Top 10 US Newspapers by Circulation

11 posted on 08/30/2009 9:34:31 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach

Pity. Sanest paper in California. Sure, they reprint a lot of wire stuff with the usual leftish MSM perspective. But their editorials, columnists and endorsements are as good as it gets in Kalifornistan. I hope they can reorganize successfully and quickly.


12 posted on 08/30/2009 9:38:38 PM PDT by RightOnTheLeftCoast (Cheney/Palin 2012!)
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To: rwfromkansas

I think the Editorial page still reflects that....not the rest of the paper.


13 posted on 08/30/2009 9:41:10 PM PDT by Ernest_at_the_Beach (Support Geert Wilders)
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To: Ernest_at_the_Beach

Oh well, maybe the rag here ran top 20 or something


14 posted on 08/30/2009 9:46:43 PM PDT by GeronL (http://libertyfic.proboards.com)
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To: Ernest_at_the_Beach

hhhmmmm.... that says 329, #27 if we don’t count the WSJ and USAToday.

Interesting


15 posted on 08/30/2009 9:48:48 PM PDT by GeronL (http://libertyfic.proboards.com)
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To: RightOnTheLeftCoast

I think they use to have a chain of small weeklies and twicer-weeklies that were conservative. I don’t know what happened to them.


16 posted on 08/30/2009 9:52:23 PM PDT by GeronL (http://libertyfic.proboards.com)
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To: Frantzie

They run a lot of open borders propaganda. From Friday:

http://www.ocregister.com/articles/immigration-people-old-2545526-illegally-vigil

And a few of their regular columnists are consistently awful:

# Yvette Cabrera: “Desperation is setting in” for OC’s neediest
# Yvette Cabrera: Is hate on the rise in O.C.?
# Yvette Cabrera: Illegal and smart? Education can continue
# Yvette Cabrera: Not illegal, just a human being
# Yvette Cabrera: Obama’s words resonate, give hope


17 posted on 08/30/2009 11:18:54 PM PDT by bornred
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To: Ernest_at_the_Beach

OC Register is a good paper. Like virtually all media companies dominated by print media, they are going to have to figure out a workable business model. Not sure what that will be.


18 posted on 08/31/2009 8:34:24 AM PDT by St. Louis Conservative
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To: Ernest_at_the_Beach; waterhill; FlyingEagle; Playa Pete; NorwegianViking; Texas resident; ...

The Orange County Register ping!

Freedom Communications Inc. owns 32 daily and 77 weekly newspapers, including The Monitor, The Valley Morning Star, The Brownsville Herald, and the The Mid Valley Town Crier, in South Texas.


19 posted on 08/31/2009 10:00:15 AM PDT by SwinneySwitch (ObommaNation - beyond your expectations.)
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To: Ernest_at_the_Beach

Two Sundays ago, the OC Register ripped HR3200 to shreds. Any Congressperson from Orange County who votes for HR3200 should be crucified.


20 posted on 08/31/2009 11:55:34 AM PDT by UglyinLA
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To: St. Louis Conservative

That’s the problem. Nobody has found it yet. It’s scary to see newspapers dying, I don’t care what your politics are.

A blog just can’t cover local news the same way.


21 posted on 08/31/2009 12:38:17 PM PDT by rwfromkansas ("Carve your name on hearts, not marble." - C.H. Spurgeon)
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To: GeronL

Back in the 1980’s, we lived in Orange county for 16 years and the Register was a good conservative newspaper. If you don’t perserve conservative insights in reporting news, you lose them. Too bad for a once good newspaper.


22 posted on 08/31/2009 1:32:51 PM PDT by Maryhere ("HE comes to rule the earth")
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To: Ernest_at_the_Beach; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Fred Nerks; ...

Thanks Ernest. See, if George Soros owned it, Obama would be putting the full faith and credit of the federal gov’t behind a loan to the company.


23 posted on 08/31/2009 4:43:14 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
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To: Ernest_at_the_Beach
"They do some writing for local news stories....but reprint AP, NY Times and McClatchy Stories like all of the other papers,....

Good Editorial section on Sundays;"

They were a very conservative newspaper who gave the liberal LA Times a run for its money.

They started going lefty just before B-1 Bob Dornan lost his Orange County seat to that faux Mexican Sanchez (by marriage) and Santa Ana (county seat and home of the Register) became majority illegal alien.

yitbos

24 posted on 08/31/2009 8:19:07 PM PDT by bruinbirdman ("Those who control language control minds.")
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