Freedom Communications to enter bankruptcy

Freedom Communications Inc., the owner of The Sedalia Democrat and flagship
Orange County Register in California, is expected to declare bankruptcy this week, according to people familiar with the situation.

The company, majority owned for more than 70 years by the Hoiles family, has reached agreements with its lenders to restructure its debts under Chapter 11, according to these people.

With annual revenue of about $700 million, Freedom owns more than 30 daily papers and eight TV stations.

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