Credit delays Freedom’s plans to buy out partners

By Jan Norman Freedom Communications Inc., the Irvine, California-based owner of the Portales News-Tribune, will put off plans to buy out its private equity partners until spring or summer because borrowing costs are too high now, Chief Executive Scott Flanders said Thursday. “The credit markets will drive the timing,” Flanders said. “The company is committed [...]

Freedom won’t be sold, agrees to partnership

Freedom Newspapers Freedom News Service IRVINE, Calif. — Freedom Communications Inc., whose fractious family owners have been bitterly divided over how to let some of their shareholders cash out, said Tuesday its board of directors has endorsed a plan that will leave intact the libertarian legacy of company founder and patriarch Raymond C. Hoiles. Irvine, [...]