Freedom Communications has now chosen Digital First Media to buy its two newspapers because it no longer believes Tribune Publishing can close the deal, an attorney for the bankrupt company said.
The Los Angeles Times owner had been the top bidder, but its $56-million cash offer to buy the Orange County Register and Riverside Press-Enterprise hit a roadblock late Friday when a U.S. District Court judge approved a temporary restraining order to stop the sale.
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by Parm Mann on 15 March 2016, 15:50HEXUS.net/qaczbt
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