Europe is always doing something. And this time, that something is being blamed for delaying the sale of the Orange County Register.
According to the Wall Street Journal, MediaNews Group's $350 million bid to buy the Register and the rest of Freedom Communications's newspaper holdings stalled because of instability in the markets caused by the European debt crisis.
Talks stalled earlier this year over price, but apparently MediaNews, through a number of cost-cutting actions, offered enough money to get Freedom on board. The Journal says talks might resume in a few weeks, if the markets calm down a bit.