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Freedom Communications, Inc.

Freedom Communications was a privately owned media company which once published over 60 daily and weekly newspapers in the United States. The company's flaship newspaper was the Orange County Register in Santa Ana, California.

After years of financial troubles, ownership changes and bankruptcy filings, the end of Freedom Communications came on March 21, 2016 when a bankruptcy judge approved the sale of what remained of the company to Digital First Media.

Freedom was founded by the Hoiles family, which had owned the flagship Orange County Register since 1935. In 2004, the family sold a 40% interest in the business to two private-equity firms, Blackstone Group and Providence Equity Partners, for $460 million. The company took on a large amount of debt due to the deal.

On September 1, 2009, Freedom Communications filed for Chapter 11 bankruptcy protection. The bankruptcy allowed the company to reduce its debt to $325 million from more than $770 million. As a result of the bankruptcy filing, the equity ownership of the Hoiles family, Blackstone and Providence Equity Partners was reduced to just 2 percent. When the company emerged from bankruptcy on April 30, 2010, the new owners were Alden Global Capital (owner of Digital First Media), Angelo, Gordon & Co. and Luxor Capital Group.

On April 2, 2012, Freedom sold its broadcast division of eight American television stations to Sinclair Broadcast Group, Inc. The transaction was valued at $385 million.

On July 25, 2012, Freedom Communications was sold to 2100 Trust, LLC for $50 million and the assumption of pension liabilites. 2100 Trust was controlled by Aaron Kushner, an entrepreneur from Boston who was at one time rumored to be interested in buying the Boston Globe.

2012 also brought the sale of many Freedom newspapers across the country, including all of those in Texas, Florida and North Carolina. The selling continued in 2013 and 2014, but was not enough to keep the company afloat. The company filed for bankruptcy protection again on November 1, 2015.

In January 2016, Freedom shut down some of its weekly newspapers in Orange County, California. This was followed by the sale of the remainder of the company, including the Orange County Register and the Riverside Press-Enterprise, to Digital First Media.


 
 
 

Comments

Comments to date: 10. The most recent comments are below.

Mondo Times editors from Boulder Colorado USA
Posted on July 26, 2012

2100 Trust Closes Purchase of Freedom Communications

-- The deal includes the Orange County Register, Freedom's flagship newspaper.

The company will continue to operate under the Freedom Communications name.

More from Freedom's sale of Register complete, published July 25, 2012:

"The sale to 2100 Trust LLC marks the second change in Freedom's ownership in two years.

A group of investors and banks took over Freedom from the founding Hoiles family in April 2010 after the company exited bankruptcy reorganization. The post-bankruptcy owners have been in the process of breaking up and selling off different Freedom properties for the last 18 months."

Jun Granflor from Brea, CA USA
Posted on March 4, 2011

I purchased a Shea Home in 2005. I've had plumbing problems for 4 years and Shea will not help me fix the problem. I exposed the problem in Sept. 2010, I hired a contractor to cut the floor to expose the sewer line. We invited Shea Home reps to look at the problem, the pipe has no slope, it is supposed to slope 1/4" per foot but this line is close to level. Shea saw the plumbing code violation, but will not fix the problem.
I would like to invite you as a newspaper publicist to help me get this in the news. If this is not a plumbing code violation, then don't publish it.
I don't know how else to get Shea to stand up to their mistake. I have had this trench open in my family room for almost 6 months. Thanks.

Media Owners editors from Boulder, Colorado USA
Posted on July 1, 2010

Freedom Names Mitchell Stern President and Chief Executive

June 29, 2010 -- Freedom Communications announced today that Mitchell Stern has been named president and chief executive officer. Stern is a member of the Freedom Board of Directors and previously served as CEO of DirecTV U.S.

"We are very pleased that Mitch has agreed to lead Freedom Communications as its Chief Executive Officer," said Chairman of the Board James Dunning Jr. "With his 30 years of experience in the media industry, he brings a wealth of experience and forward-thinking to the job. His talents as both a strategic thinker and a hands-on executive are a perfect fit for Freedom, and make him the right person to lead our talented associates and diverse properties in tackling the challenges of the new media environment."

Mr. Stern will assume his new duties July 1. He succeeds Burl Osborne, who as interim CEO led Freedom through its recently completed restructuring. Mr. Osborne will remain on the board of directors and also serve as a special advisor to the Company.

L. Hofland from Pinon Hills/San Bernardi
Posted on December 27, 2009

Thank you for keeping the Daily Press (Press Dispatch)Victorville, CA. OPERATING~!!!!!!
Good caring people/all news coverage/especially the local areas. We in this area need this news-
paper and be sure to keep same people employed.
p.s. not related and do not know the people personally.....thank you....

Lou Barreto from Anaheim Hills/Glendora
Posted on November 10, 2009

Does your newspaper feature new books written by Southern California residents? My home base is Anaheim, but I am also a resident of Glendora and have written a new book which is currently listed with amazon.com,barnesandnoble, ingram.com.... .......

The book is titled, Who is This Alien ? (this higher power in the universe)........The book uses intelligent design concepts to support the existence of a higher power in the universe and defines who is this alien being that everyone is seeking by faith, both scientists of the twenty first century and individuals throughout the world... The book also includes my personal history and the visitations that I have had with this higher power, this supreme intelligence in the universe............The book retails at $8.50 US...released by Kingdom Come Publishers...........Attached is the front/back cover design.........need your address to send a copy of the book.

Who can I contact if there is an interest in the story............or to send a press release?......I would appreciate some feedback


Respectfully/GodBless..............................LouBarreto

Media Owners editors from Boulder, Colorado USA
Posted on September 1, 2009

Freedom Communications filed for Chapter 11 bankruptcy protection on September 1, 2009. The Orange County Register reported:

"Freedom Communications Inc. in Irvine, parent of the Orange County Register, reached agreement with the company's lenders on the restructuring of its debt and will complete the process through a Chapter 11 bankruptcy reorganization filed in a Delaware court today, company officials announced.

"I consider this to be good news, not bad news," said Burl Osborne, Freedom's interim chief executive. "It's not about liquidation or going out of business. It allows the company to operate more effectively."

Under the reorganization, Freedom's debt will be cut to $325 million from more than $770 million.

Existing shareholders, including members of the founding Hoiles family, and two private equity firms, the Blackstone Group and Providence Equity Partners, will retain a 2 percent equity interest in the company. They also will be granted warrants that will allow them to purchase up to 10 percent of the shares in the company.

However, the family, which has owned the flagship Register since 1935, and has since seen the company grow to 33 dailies, 70 weeklies and other publications, and eight television stations, will give up control to the banks. The lenders will select a new board and appoint a new CEO.

Osborne said he expects the bankruptcy process to take four to six months, although it may take a little longer to get Federal Communications Commission approval for the company's television stations."

Media Owners editors from Boulder, Colorado USA
Posted on July 1, 2009

Freedom Communications has named independent director and media veteran Burl Osborne as Interim CEO.

IRVINE, CA - June 16, 2009 - Freedom Communications, Inc. today named independent director and media veteran Burl Osborne as its Interim CEO, replacing Scott Flanders who resigned to take the CEO post at Playboy Enterprises, Inc.

Mr. Osborne has served on Freedom's Board of Directors since May 2004.

He was executive editor and then publisher of the Dallas Morning News from 1980 to 2001 and has been credited with building it into one of the top papers in the country. He also held a number of positions, including president of the publishing division, with the Belo Corporation, which is the parent company of the Morning News.

Mr. Osborne was chairman of the board of the Associated Press from 2002 to 2007. He also has served as chairman of the Southern Newspaper Publishers Association and as a director of the Newspaper Association of America.

Mondo Times editors from Boulder, Colorado USA
Posted on June 12, 2009

Scott Flanders, currently the president and CEO of Freedom Communications, is leaving the company to become CEO of Playboy Enterprises. He will start his new job at Playboy on July 1, 2009.

Christie Hefner, daughter of Playboy founder Hugh Hefner, stepped down as CEO of Playboy Enterprises at the end of 2008, after 20 years with the company.

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