Freedom Communications
Confirmation of Chapter 11 Plan of Reorganization
The Orange County Register and The Press-Enterprise, three magazines and specialty publications, as well as an interactive media business, also owned 14.3 acres of partially improved real estate in Santa Ana and 6.5 acres of partially improved real estate in Riverside, CA
Industries
Separately, the principals of Force 10 served as financial advisors and investment bankers to the Debtor and legal counsel to a bidder in this Chapter 11 process.
Freedom Communications filed for Chapter 11 bankruptcy protection on November 1, 2015. The bidder, Digital First Media (digitalfirstmedia.com), submitted a $51.8 million bid that was approved by the United States Bankruptcy Court in Santa Ana, CA, after the U.S. Department of Justice filed an antitrust lawsuit against the highest bidder, Tribune Publishing. The final sale to Digital First Media closed on March 31, 2016, for $49.8 million.
