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PRESS RELEASE: Bankruptcy Court Approves Alternative Purchaser of Orange County Register and Riverside Press-Enterprise

Department of Justice
Office of Public Affairs
FOR IMMEDIATE RELEASE
Monday, March 21, 2016

Bankruptcy Court Approves Alternative Purchaser of Orange County Register and Riverside Press-Enterprise

Decision Follows TRO Halting Anticompetitive Sale to Owner of L.A. Times

Today, the Bankruptcy Court for the Central District of California approved Digital First Media as the purchaser of Freedom Communications Inc., publisher of the Register in Orange County and the Press-Enterprise in Riverside County, California. After Tribune Publishing Company, publisher of the Los Angeles Times, had attempted to emerge as the winning bidder in the bankruptcy proceeding, the Department of Justice filed a civil antitrust lawsuit seeking to block Tribune from acquiring Freedom Communications on March 17, 2016. The next day, the Honorable André Birotte Jr., a federal judge in Los Angeles, granted the department’s application for a temporary restraining order to prevent Tribune from acquiring Freedom Communications pending further proceedings.

“Many Americans depend on local newspapers even in this age of electronic information,” said Assistant Attorney General Bill Baer of the Justice Department’s Antitrust Division. “As Judge Birotte held in his well-reasoned opinion, newspapers play an important role in our democracy. Preventing the Los Angeles Times from combining with the Register and the Press-Enterprise will ensure that citizens and advertisers in Southern California continue to benefit from competition and from a diversity of views in their local news coverage. The Antitrust Division will remain vigilant in protecting competition in this important industry.”

In his ruling granting the department’s application for a temporary restraining order, Judge Birotte found that “local newspapers continue to serve a unique function in the marketplace: they are the creators of local content. It further stands to reason that local advertisers in search of print advertising would choose to advertise with local news providers.”

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About FREDERICA CADE

Most of the information you will see comes from some Federal/state Government documents or Federal/State Governm Agency. -----------------------------------------------The fellow that can only see a week ahead is always the popular fellow, for he is looking with the crowd. But the one that can see years ahead, he has a telescope but he can't make anybody believe that he has it. ~~~~Will Rogers __The woman who follows the crowd will usually go no further than the crowd. The woman who walks alone is likely to find herself in places no one has ever been before.~ Albert Einstein ~"I never work better than when I am inspired by anger; for when I am angry, I can write, pray, and preach well, for then my whole temperament is quickened, my understandingsharpen​ed, and all mundane vexations and temptations depart.” ~Dr. Martin Luther King Jr. _________________________________________________________________________________________ ~"The bosom of America is open to receive not only the Opulent and respectable Stranger, but the oppressed and persecuted of all Nations and Religions; whom we shall welcome to a participation of all our rights and privileges, if by decency and propriety of conduct they appear to merit the enjoyment".~___________________________________ George Washington, Address to the Members of the Volunteer Association of Ireland, December 2, 1783 Fredericacade@gmail.com

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