Freedom Communications, owner of The Orange County Register and 30 other daily newspapers, is expected to file for bankruptcy this week under a plan that will hand its publications to its lenders, people briefed on the matter said on Sunday.
A filing by Freedom, which could be made as soon as Tuesday, would be the latest by a newspaper publisher, as the industry struggles to cope with declining advertising revenue and heavy debt loads.
Not cheering on the death of newspapers, cheering on the death of newspapers owned by glibertarian assholes.