Tuesday , June 18 2024
Inland Empire Newspaper Sold.001
Inland Empire Newspaper Sold.001

Press-Enterprise sale nears completion

The sale of The Press-Enterprise to Freedom Communications is expected to become final next week.

Freedom Communications will buy The Press-Enterprise and most of its operations for $27.25 million in cash from A.H. Belo Corp. in Dallas, according to a report originally published in The Press-Enterprise.

The sale was originally expected to close in just four days when it was first announced on Oct. 10. However, Freedom Communications agreed to a payment in exchange for extending the closing date of the purchase, according to the report.

Freedom Communications owns the Orange County Register.

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