Freedom chairman shares goals after bankruptcy

By Mary Ann Milbourne: Freedom News Service James D. Dunning Jr. is the new chairman of Irvine, California-based Freedom Communications Inc., owner of the Clovis News Journal, Portales News-Tribune and Quay County Sun. He brings broad media experience ranging from being former president and chief financial officer of Rolling Stone to chief executive of Ziff […]

Freedom emerges from bankruptcy

By Mary Ann Milbourn: Freedom News Service IRVINE, Calif. — Freedom Communications Inc., parent company of the Quay County Sun, announced Friday it has emerged from bankruptcy reorganization. The emergence from Chapter 11 bankruptcy relieves Freedom of $450 million in debt, but it brings an end to the family ownership of a media chain that […]

Judge clears Freedom bankruptcy plan

Freedom News Service WILMINGTON, Del. — A federal judge Tuesday approved Freedom Communication Inc.’s reorganization plan, giving a green light for the company to emerge from bankruptcy by the end of this month. The court action gets the Irvine, California-based media company and parent of The Orange County (Calif.) Register out from under 58 percent […]

Freedom to emerge from bankruptcy by end of March

Freedom Communications Freedom Communications Inc., parent company of the Clovis News Journal, Portales News-Tribune and Quay County Sun, should emerge from bankruptcy by the end of March, according to the company’s top executives. Interim Chief Executive Burl Osborne and Chief Financial Officer Mark McEachen said that while some change in the company’s newspapers, magazines and […]

Freedom strikes deal for Arizona paper sale

Freedom New Mexico Freedom Communications filed a motion Tuesday with the U.S. Bankruptcy Court in Delaware seeking approval of the sale of its Phoenix-area publications to 1013 Communications LLC, an affiliate of Thirteenth Street Media. In a statement, Freedom said company officials hope a hearing will be held in early March and that the transaction […]

Freedom, creditors reach bankruptcy deal

By Dena Bunis WILMINGTON, Del. — A federal bankruptcy court judge Thursday approved a deal between Freedom Communications, its unsecured creditors and its lenders that could allow the company to emerge from bankruptcy by the end of March. Freedom properties include the Clovis News Journal, Portales News-Tribune and Quay County Sun in Tucumcari. The arduously […]

Freedom files Chapter 11

Freedom Communications, parent company of Freedom New Mexico, filed a petition for Chapter 11 bankruptcy Tuesday but said operations aren’t expected to change. The filing was done, “along with a plan-support agreement executed by a steering committee of (Freedom’s) lenders,” according to a company press release. “(The company) has sufficient cash to fund daily operations […]