via Editor and Publisher
Tribune Publishing Co. Wins Bankruptcy Auction to Acquire Freedom Communications
Mar 17, 2016
ORANGE COUNTY, Calif.--(BUSINESS WIRE)-- Tribune Publishing Co. (NYSE:TPUB) today announced that it, through its subsidiary Orange County Media, LLC, was the successful bidder at a public bankruptcy auction to acquire substantially all of the assets of Freedom Communications, Inc. Under the terms of the bid, Tribune Publishing has agreed to pay $56 million in cash for the business of Freedom Communications and its owned real estate in Santa Ana, California and Riverside, California.