Mergers & Acquisitions
Nov. 4, 2011
Freedom Communications clears its debt
After a few rocky years of bankruptcy and indebtedness, Irvine-based Freedom Communications Inc. has made a clean break after selling its broadcast assets to Maryland-based Sinclair Broadcast Group Inc. for $385 million in cash.
Daily Journal Staff Writer
After a few rocky years of bankruptcy and indebtedness, Irvine-based Freedom Communications Inc. has made a clean break after selling its broadcast assets to Maryland-based Sinclair Broadcast Group Inc. for $385 million in cash.
Attorneys from Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates and Latham & Watkins LLP advised Freedom Communications on the sale. Los Angeles partners Brian...
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