The Wall Street Journal is reporting that Freedom Communications will file for bankruptcy. Freedom owns over 30 newspapers nationwide, including the flagship Orange County Register along with eight TV stations. The Gastonia paper is one of several North Carolina markets for Freedom dailies. Others include New Bern, Kinston, Jacksonville, Shelby, and Burlington.
If lenders take control of the company as expected, there is no telling where their cost-cutting efforts might lead. Stay tuned.