Freedom Communications, Inc., which owns the Orange County Register, has agreed to purchase The (Riverside, Calif.) Press-Enterprise, the O.C. Register’s Mary Ann Milbourn reports. Freedom will pay $27.25 million for the paper, which is currently owned by A.H. Belo. It will also acquire the paper’s production facility.
Belo agreed in April to sell The Press-Enterprise’s building to Riverside County.
Freedom CEO Aaron Kushner plans to meet with Press-Enterprise employees Thursday, a company press release says.