October 10, 2013 7:14 AM
By MARY ANN MILBOURN, ORANGE COUNTY REGISTER
Freedom Communications Inc. on Thursday announced an agreement to purchase The Press-Enterprise in Riverside, a daily newspaper owned by Dallas-based A.H. Belo Corp., for $27.25 million. The deal is expected to close by mid-month.
Freedom owns the Daily Press, Desert Dispatch and Orange County Register. Since 2100 Trust LLC bought Freedom in July 2012, the deal is the first acquisition outside Orange County for the company, which launched the Long Beach Register, a new five-day daily, in August.
“The Press-Enterprise is a Pulitzer Prize-winning institution with a rich history in serving and connecting the community,” said Aaron Kushner, co-owner and chief executive of Freedom. “We are most appreciative of the stewardship provided to this important institution by A. H. Belo and we look forward to continuing to build upon that foundation and expand the ways the Press-Enterprise helps its subscribers, advertisers and community grow and thrive.”
To read entire story, click here.