Business & Tech
Riverside Newspaper Sold to OC Register Owner
Freedom Communications Holdings paid millions to acquire the newspaper operations of The Press Enterprise, including the production facility and related land.
The owner of the Orange County Register on Thursday completed its purchase of The Press-Enterprise after a delay that led to threat of a lawsuit.
Dallas-based A. H. Belo Corp. said in a statement that the sale of the newspaper to Freedom Communications Holdings was now complete.
On Monday Belo had threatened a lawsuit or sale to another buyer if the deal did not close.
Freedom acquired the newspaper operations of The Press Enterprise, including the production facility and related land, for $27.25 million.
Belo continues to own the land and buildings associated with a discontinued commercial printing operation.
Aaron Kushner, co-owner and chief executive officer of Freedom Communications, said the company's "focus moving forward will be to enhance the ways we can provide value to subscribers of The Press-Enterprise and the greater community."
Kushner has hired numerous staff and invested millions of dollars in the Orange County Register since purchasing that newspaper in 2012.
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