Inland Empire

Kushner deal for Press-Enterprise goes through

Freedom Communications, the parent company of the Orange County Register, today completed its purchase of the Riverside Press-Enterprise for $27.25 million. Freedom, headed by Aaron Kushner, gets the production facility and the land. The seller, A. H. Belo, previously had made noise about the purchase not closing on time. From today's flackage:

Aaron Kushner, co-owner and Chief Executive Officer of Freedom Communications, said, "We appreciate the stewardship provided by A. H. Belo to The Press-Enterprise, an institution that plays an incredibly important role in building community and adding richness to people's lives. Our focus moving forward will be to enhance the ways we can provide value to subscribers of The Press-Enterprise and the greater community."

Jim Moroney, Chairman, President and Chief Executive Officer of A. H. Belo, said, "We are pleased the transaction has closed, and wish our colleagues in Riverside all the best as they go forward as part of Freedom Communications."

More by Kevin Roderick:
LA Observed Notes: 60 Minutes, selling the Coliseum and more
Gil Cedillo, Nick Melvoin win LA runoffs*
LA Observed Notes: Baca goes down, LAX shuffle, media moves
LA Observed Notes: Big TV news, media moves, obits and more
LA Observed Notes: Writers on the verge, Fox, the riots and more
Recent Inland Empire stories on LA Observed:
Indycar racing is both beautiful and terrible
The Scapegoat *
LA Sketchbook: San Bernardinope
So the Sun is moving back to San Bernardino, eh?


LA Observed on Twitter