OC Register Owner Buys Riverside, Calif. Newspaper
RIVERSIDE, Calif. (AP) — The publisher of the Orange County Register is buying The Press-Enterprise of Riverside.
The deal, worth $27 million, was announced Thursday by the Register's parent company, Freedom Communications Inc., and Dallas-based A.H. Belo Corp., which owns The Press-Enterprise.
Under the deal expected to close in mid-October, Freedom Communications will acquire the newspaper, production facility and land.
It's the latest acquisition for Freedom Communications Chief Executive Aaron Kushner, who bought the Register a year ago.
Headquartered in Orange County, privately held Freedom Communications publishes four daily newspapers.
In August, the company launched the Long Beach Register to compete with the Long Beach Press-Telegram, founded more than a century ago.
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