Tribune Publishing wins auction for O.C. Register parent

[WhiteTara]

Source: LA Times

The owner of the Los Angeles Times was selected as the top bidder for the Orange County Register and Riverside Press-Enterprise during a bankruptcy auction that stretched into late Wednesday night.

If the $56-million cash purchase of Freedom Communications is approved at a hearing in bankruptcy court on Monday, it would mark a deep expansion in Southern California for Tribune Publishing Co.

The company, which last year bought the San Diego Union-Tribune, is looking to extend its reach in Southern California and save money by streamlining some business operations at a time when newspapers struggle to remain profitable.

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"The successful bid for the business of Freedom Communications will allow the Orange County Register and the Press-Enterprise to continue providing a distinct local voice in their communities and deliver premium news and information to consumers across Southern California,” Tribune Publishing Chief Executive Justin Dearborn said Thursday in a statement.

Read more: http://www.latimes.com/business/la-fi-freedom-tribune-auction-20160317-story.html

[Kip Humphrey]

1. Definition of "streamlining some business operations":

buying up the competition. Fewer voices = we the people lose (again).

[C Moon]

2. I grew up in Orange County and my parents subscribed to that paper...

I only recall it was a very conservative newspaper. Orange County was Reagan and Nixon land.
So, I'm not feeling any disappointment over this.
That was many moons ago, so maybe it changed over the years.