Belo Threatens Suit if Riverside Press-Enterprise Sale Collapses

By: Ken Bensinger | Los Angeles Times

The owner of the Riverside Press-Enterprise is threatening legal action against publishing entrepreneur Aaron Kushner if he fails to make good on his offer to purchase the newspaper.

The $27.25-million deal had been set to close Friday. But the Press-Enterprise's owner, A.H. Belo Corp., said Monday that the transaction was still pending and that it will consider taking the matter to court to ensure that the deal is completed.