According to the Wall Street Journal, Irvine-based Freedom Communications Inc. is going to declare bankruptcy sometime this week. Freedom Comm is the parent company of the Orange Country Register and 32 other daily newspapers, as well as 77 weeklies and 8 television stations. From the WSJ:
Freedom was founded in the 1930s by R. C. Hoiles, a former printer’s apprentice who used his publications in part to spread his libertarian views. The Orange County Register continues the libertarian approach but, like other newspapers across the country, has had to confront the question of its survival.
“We are continuing to work with our lenders to address our balance sheet,” said a Freedom spokesman.