PDA

View Full Version : Report: OC Register owner to file for bankruptcy - AP



Andrew
08-31-2009, 08:13 PM
Report: OC Register owner to file for bankruptcy (http://www.google.com/hostednews/ap/article/ALeqM5hfksJJ5NCzSNkzLPo8ITGb3LRxMgD9ADKE280) - AP

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.
Robert Emmers, a spokesman for Freedom, declined to comment Sunday night on the possibility of a bankruptcy filing, but he told The Associated Press that the company is "continuing to work with its lenders to resolve (its) balance sheet issues."