Digital First Purchase of O.C. Register Parent Approved by Bankruptcy Judge
Bankruptcy Judge Mark S. Wallace yesterday approved the sale of the Orange County Register and the Riverside Press-Enterprise to Digital First Media, the Los Angeles Times reported today. Digital First’s $52.3 million offer for the assets of Freedom Communications prevailed over a higher bid of $56 million from Tribune Publishing, the parent company of the Los Angeles Times and San Diego Union-Tribune, which faced an antitrust battle in its effort to build a media empire stretching from the Mexican border to Los Angeles. If the deal closed, Tribune would have controlled 98 percent of English-language local daily newspapers for sale in Orange County, the government said. In Riverside County, Calif., Tribune would have owned four of the top five English-language newspapers by circulation, according to the department.
