The Orange County Register’s parent company, Freedom Communications filed for bankruptcy protection Sunday.
Given the company’s multiple financial problems, that hardly qualifies as a surprise. But the bankruptcy, which appears to have support from creditors as well as management, envisions sale to a group headed by publisher and CEO Rich Mirman, a former casino executive who has been running and restructuring the company for a year.
After Freedom’s first bankruptcy in 2009, the company was taken over by former greeting card executive Aaron Kushner and a business partner. Read more