Freedom sells 4 Midwest newspapers

By The Associated Press

Saturday, June 2, 2012

IRVINE, Calif. (AP) — Freedom Communications Inc. has completed the sale of four newspapers in the Midwest to an affiliate of Versa Capital Management LLC.

Terms were not disclosed.

The four newspapers are The Telegraph in Alton, Ill., the Journal-Courier in Jacksonville, Ill., The Sedalia Democrat in Sedalia, Mo., and The Lima News in Lima, Ohio.

Irvine, Calif.-based Freedom owns The Orange County Register and dozens of other newspapers, along with television stations and websites.

The privately held company emerged from Chapter 11 bankruptcy in 2010 after creditors, led by JPMorgan Chase, cut its debt by nearly 60 percent to $325 million in return for control of the company.

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