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Belo Corporation

Orange County Register owner to buy Riverside Press-Enterprise

Orange County Register owner to buy Riverside Press-Enterprise

Freedom Communications Holdings Inc., which owns the Orange County Register, has agreed to purchase the Riverside Press-Enterprise from its owner, A.H. Belo Corp., both companies said Thursday. The acquisition is part of a series of aggressive moves by Freedom, which has been rapidly expanding the Orange County Register, adding staff, pages and new editions, and launched the Long Beach Register, a new five-day daily newspaper in August. Freedom Communications will pay $27.25 million for the Press-Enterprise, its production facility and related land, the companies said. The transaction is expected to close in mid-October subject to customary closing conditions, the companies said. ...

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