Tribune Publishing Co. Wins Bankruptcy Auction to Acquire Freedom Communications

Tribune Publishing Co. (NYSE:TPUB) today announced that it, through its subsidiary Orange County Media, LLC, was the successful bidder at a public bankruptcy auction to acquire substantially all of the assets of Freedom Communications, Inc. Under the terms of the bid, Tribune Publishing has agreed to pay $56 million in cash for the business of Freedom Communications and its owned real estate in Santa Ana, California and Riverside, California.

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