By: Lucia Moses
Freedom Communications Inc.’s board will meet Wednesday to consider shareholders’ wishes about the future direction of the company. The board will review the results of the shareholders’ recently concluded nonbinding vote on five options for Freedom, which include selling the whole company outright and letting shareholders sell their shares while preserving family control.
Asked about the results of the shareholders’ vote, Freedom CEO and President Alan Bell said, “I have a sense of what they are … not a sense that I’m going to share with anyone else.” Bell said he hopes the decades-long family feud over Freedom, parent of The Orange County (Calif.) Register, will be decided soon.
“It is in no one’s interest to let it linger,” he said. “This is an enormous distraction.”