White House should release loan documents

The House Energy and Commerce Committee has subpoenaed White House communications concerning the half-billion-dollar federal loan guarantee for failed California solar company Solyndra, which also is under criminal investigation and has ties to a major campaign donor to President Barack Obama. We have yet to hear a good reason for the White House’s reluctance to […]

Freedom emerges from bankruptcy

Freedom New Mexico By Mary Ann Milbourn Freedom News Service IRVINE, Calif. — Freedom Communications Inc., parent company of the Clovis News Journal, Portales News-Tribune and Quay County Sun, announced Friday it has emerged from bankruptcy reorganization. The emergence from Chapter 11 bankruptcy relieves Freedom of $450 million in debt, but it brings an end […]

Freedom to emerge from bankruptcy by end of March

Freedom New Mexico Freedom Communications Inc., parent company of the Clovis News Journal, Portales News-Tribune and Quay County Sun, should emerge from bankruptcy by the end of March, according to the company’s top executives. Interim Chief Executive Burl Osborne and Chief Financial Officer Mark McEachen said that while some change in the company’s newspapers, magazines […]

North Plains Mall corporate owner reaches bankruptcy deal

The Associated Press LOS ANGELES (AP) — The nation’s second-largest shopping mall operator General Growth Properties Inc. said Wednesday it reached a deal with Canada’s Brookfield Asset Management Inc. that will speed its exit from Chapter 11 bankruptcy protection. General Growth is the corporate owner of North Plains Mall in Clovis. Speculation raged for weeks […]

Freedom strikes deal for Arizona paper sale

Freedom New Mexico Freedom Communications filed a motion Tuesday with the U.S. Bankruptcy Court in Delaware seeking approval of the sale of its Phoenix-area publications to 1013 Communications LLC, an affiliate of Thirteenth Street Media. In a statement, Freedom said company officials hope a hearing will be held in early March and that the transaction […]

Freedom, creditors reach bankruptcy deal

By Dena Bunis WILMINGTON, Del. — A federal bankruptcy court judge Thursday approved a deal between Freedom Communications, its unsecured creditors and its lenders that could allow the company to emerge from bankruptcy by the end of March. Freedom properties include the Clovis News Journal, Portales News-Tribune and Quay County Sun in Tucumcari. The arduously […]

East Valley Tribune purchased

Freedom Communications Freedom Communications has received a letter of intent to purchase the East Valley Tribune in Mesa, Ariz., and keep the Pulitzer-Prize winning newspaper and Web site operating, Publisher Julie Moreno said Friday. Freedom, which is operating under Chapter 11 of the Federal Bankruptcy Code, will seek approval from the bankruptcy judge to complete […]

Freedom files Chapter 11

Freedom Communications, parent company of Freedom New Mexico, filed a petition for Chapter 11 bankruptcy Tuesday but said operations aren’t expected to change. The filing was done, “along with a plan-support agreement executed by a steering committee of (Freedom’s) lenders,” according to a company press release. “(The company) has sufficient cash to fund daily operations […]

Local dealerships unsure of Chrysler bankruptcy effect

Freedom New Mexico Local Chrysler dealerships say they don’t know what, if any, effect the corporation’s bankruptcy filing will have. Chrysler, the nation’s third-largest car manufacturer, filed for bankruptcy protection Thursday after a group of creditors defied government pressure to wipe out the automaker’s debt. The company plans to emerge in as little as 30 […]

Parent company of North Plains Mall struggling

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Freedom New Mexico Severe financial difficulties and the looming possibility of bankruptcy for the corporation that owns North Plains Mall is unlikely to cause noticeable changes at the mall for customers, a General Growth Properties spokesman said Monday. GGP, the nation’s second-largest mall owner, is struggling to refinance billions in debt it took on during […]