The parent company of the Los Angeles Times said Thursday it had won a public bankruptcy auction to buy Freedom Communications, the owner of several Southern California newspapers, including the Orange County Register.
Tribune Publishing Co. has agreed to pay $56 million in cash for the business and its real estate in Santa Ana and Riverside. Freedom also owns the Riverside Press-Enterprise.
Freedom declared bankruptcy in November.
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Ken Doctor, media analyst for newsonomics.com, contributor for POLITICO, and the author of “Newsonomics: Twelve New Trends That Will Shape the News You Get”