July 12, 2014 11:10 AM ET

Media

Company Overview of Freedom Communications, Inc.

Company Overview

Freedom Communications, Inc., an information and entertainment company, engages in print publications and interactive businesses in the United States. It publishes daily and weekly newspapers, community newspapers, shoppers, magazines, and other specialty print publications; and owns and operates a suite of interactive products and services, such as Websites, smartphone and tablet apps, social media pages, and other digital offerings that provide news, entertainment and local information, content, and other services to online audience. Freedom Communications, Inc. was formerly known as Freedom Newspapers, Inc. and changed its name to Freedom Communications, Inc. in 1994. The company was inco...

625 North Grand Avenue

Santa Ana, CA 92701

United States

Founded in 1950

Phone:

949-253-2300

Key Executives for Freedom Communications, Inc.

Co-Owner and Chief Executive Officer
President and Director
Age: 58
President of Freedom Interactive Inc
Age: 55
President of Freedom Broadcasting Inc
Vice President of Human Resources and Organizational Development
Compensation as of Fiscal Year 2014.

Freedom Communications, Inc. Key Developments

Freedom Communications Inc. Plans to Cut Staff and to End Daily Publication of the Long Beach Newspaper

Freedom Communications Inc. announced that it is imposing furloughs, planed to cut staff and ending daily publication of the Long Beach newspaper.

Freedom Communications to Lay Off 42 Employees as Part of Restructuring

Freedom Communications reported that it will lay off 42 employees as part of a restructuring. The company is reducing the staff to eliminate duplication of work already done at the Register. The Press-Enterprise layoffs are mostly in sales, finance and circulation.

Two Former Top Executives Sue Freedom Communications, Inc. to Seek a Total of $4.5 Million in Severance

Two former top executives have sued Freedom Communications, Inc., saying the company has failed to pay them a combined $4.5 million in severance pay. Mitchell Stern, Freedom's chief executive from 2010 to 2012, and Mark McEachen, its chief financial officer during that time, stayed with the company after it was acquired by entrepreneur Aaron Kushner in July 2012. They agreed to postpone their severance payments, $3.3 million to Stern and $1.2 million to McEachen, because of the company's "precarious finances. In September, Stern and McEachen filed a petition in Los Angeles County Superior Court seeking to place a $4.5-million lien against Freedom's assets, a step that would help them collect any money they are awarded.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 2, 2014
2 Daily and 4 Weekly Newspapers
Merger/Acquisition
October 10, 2013
Press-Enterprise Company
 

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