I consider this to be good news, not bad news," said Burl Osborne, Freedom's interim chief executive. "It's not about liquidation or going out of business. It allows the company to operate more effectively." ...Freedom, which owns the Orange Country Register, filed for Chapter 11 bankruptcy protection yesterday.
"This gives us a green light to operate the business as usual," said Mark A. McEachen, Freedom's chief financial officer.
Sep 2, 2009
Bankruptcy is rad
The way the interim CEO at Freedom Communications talks about bankruptcy, it's a wonder more newspaper companies aren't rushing to the courthouse: