OC Register Parent SoldMonday, June 11, 2012
Irvine-based media company Freedom Communications Holdings Inc., owner of the Orange County Register, has been sold.
The buyer is privately held 2100 Trust, the same company that had reportedly planned to buy The Boston Globe. That effort was ended when the New York Times Co., owner of the Boston daily, decided not to sell.
Terms of the deal for Freedom, which is expected to close in about 30 days, were not disclosed.
The deal includes Freedom’s flagship publication, the Register in Santa Ana, plus six other regional newspapers. 2100 Trust also bought Freedom’s non-daily and specialty publications as well as its digital media.
It had been widely believed that UT-San Diego newspaper owner and real estate developer Douglas Manchester would acquire the Register, with reports last month that a deal was close. Manchester was believed to be interested primarily in the Register.
Freedom had been selling off its assets, beginning with its sale last year of eight TV stations for $385 million to Sinclair Broadcast Group Inc. That was followed up with deals to sell newspapers in Texas, New Mexico and one in the Midwest earlier this year.
The most recent sale, announced earlier this month, included two newspaper groups in North Carolina and Florida.