August 26, 2016 10:54 AM ET

Media

Company Overview of Freedom Communications, Inc.

Company Overview

Freedom Communications, Inc., a media company, publishes information and entertainment Websites, newspapers, magazines, mobile applications, and other specialty publications. Its print portfolio includes daily and weekly newspapers; shopper’s publications; magazines; and community newspapers that serve specific cities, audiences, and geographic areas. Freedom Communications, Inc. was formerly known as Freedom Newspapers, Inc. and changed its name to Freedom Communications, Inc. in 1994. The company was incorporated in 1950 and is based in Santa Ana, California. On November 1, 2015, Freedom Communications, Inc. along with its affiliates filed a voluntary petition for reorganization under Chap...

625 North Grand Avenue

Santa Ana, CA 92701

United States

Founded in 1950

Phone:

714-796-7000

Fax:

714-796-3681

Key Executives for Freedom Communications, Inc.

Chief Executive, President and Publisher
Age: 50
President of Freedom Interactive Inc
Age: 57
President of Freedom Broadcasting Inc
Vice President of Human Resources and Organizational Development
Senior Vice President
Compensation as of Fiscal Year 2016.

Freedom Communications, Inc. Key Developments

Motion for Asset Sale Approved for Freedom Communications, Inc.

The US Bankruptcy Court gave an order approving the sale of the substantially all the assets of Freedom Communications, Inc. on March 30, 2016. The debtor has been authorized to sell substantially all its assets to Medianews Group, Inc., the stalking horse bidder for a purchase price of $49.8 million in cash.

Notice of Second Amended Stalking Horse Agreement Filed by Freedom Communications, Inc.

Freedom Communications, Inc. filed a notice in the US Bankruptcy Court relating to the sale of its substantially all assets on March 29, 2016. The debtor signed second amended asset purchase agreement with Medianews Group, Inc. as stalking horse bidder for sale of substantially all its assets for a purchase price of $49.8 million. The stalking horse bidder would be entitled to a break-up fee of 2.5% of the purchase price and expense reimbursement of $0.2 million in case of termination of the asset purchase agreement. Alan Martin of Sheppard Mullin Richter & Hampton LLP acted as legal advisors to buyer.

Notice of Amended Stalking Horse Agreement Filed by Freedom Communications, Inc.

Freedom Communications, Inc. filed a notice in the US Bankruptcy Court relating to the sale of its substantially all assets on March 20, 2016. The debtor signed first amended asset purchase agreement with Medianews Group, Inc. as stalking horse bidder for sale of substantially all its assets for a purchase price of $51.8 million. The stalking horse bidder would be entitled to a break-up fee of 2.5% of the purchase price and expense reimbursement of $0.2 million in case of termination of the asset purchase agreement. Alan Martin of Sheppard Mullin Richter & Hampton LLP acted as legal advisors to buyer.

Similar Private Companies By Industry

Company Name Region
"It" Girl Public Relations United States
+SmithGifford, Inc. United States
.TV Technologies, Inc. United States
@International Services, Inc. United States
1 Chronicles 14, L.P. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 17, 2016
--
Merger/Acquisition
March 13, 2016
Freedom Communications, Orange County Register and Riverside Press-Enterprise
Bankruptcy
November 1, 2015
--
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Freedom Communications, Inc., please visit www.freedom.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.