Report: OC Register owner to file for bankruptcy
NEW YORK, NY — Freedom Communications Inc., the owner of the Orange County Register, is expected to file for Chapter 11 bankruptcy protection this week, according to a published report.
The Wall Street Journal reported on its Web site Sunday that the privately held company has reached agreements with its lenders to restructure its debts. The report cited unnamed people familiar with the situation. To read the full story by the Associated Press click here.
Freedom Communications, is the owner of top Spanish-language weekly, Excelsior. The company has been owned by the Hoiles family for more than 70 years.