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Slide #31. Freedom Communications Holdings, Inc. — A. H. Belo Corporation Riverside Newspaper Operation
Freedom Communications Holdings, Inc.
A. H. Belo Corporation Riverside Newspaper Operation (NYSE:AHC)
A. H. Belo Corporation (NYSE:AHC) and Freedom Communications Holdings, Inc. jointly announced today they have entered into a definitive asset purchase agreement under which Freedom Communications Holdings, Inc. will acquire substantially all of the assets which comprise the newspaper operations of The Press-Enterprise located in Riverside, CA (including the production facility and related land) for $27.25 million. The transaction is expected to close in mid-October subject to customary closing conditions. Upon closing, A. H. Belo will continue to own and market for sale the land and buildings associated with a discontinued commercial printing operation in Riverside, CA. The Press-Enterprise will maintain its primary business offices in Riverside.
Strong Buy (4.00 out of 4)
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