Freedom Reaches Key Step in Restructuring Process; Files Plan of Reorganization and Disclosure Statement

IRVINE, Calif.--(Business Wire)--
Freedom Communications, a national privately owned information and entertainment
company of print publications, broadcast television stations and interactive
businesses, announced today that it has filed its proposed Plan of
Reorganization and related Disclosure Statement with the U.S. Bankruptcy Court
for the District of Delaware in Wilmington.

"The filing of the Plan of Reorganization and Disclosure Statement represents an
important milestone in our Chapter 11 case. We are especially pleased that we
were able to reach this key step in our restructuring process in just two
months," Freedom Chief Executive Officer, Burl Osborne said. "It brings us
closer to successfully completing our debt restructuring and positioning the
Company for future opportunities and challenges that lie ahead in the rapidly
changing media industry."

As previously announced, on September 1, 2009, Freedom and its subsidiaries
filed voluntary petitions for reorganization under Chapter 11 of the United
States Bankruptcy Code to implement a restructuring agreement reached with a
steering committee of Freedom`s lenders.

The Company will seek Court approval of the Disclosure Statement and related
voting solicitation procedures. Court approval, if granted, will permit the
Company to solicit acceptances for the proposed Plan and seek confirmation of
the proposed Plan by the Bankruptcy Court.

This release is not intended to be, and should not be in any way construed as, a
solicitation of votes on any plan.

The Chapter 11 petitions were filed in the U.S. Bankruptcy Court for the
District of Delaware, in Wilmington. The case number is 09-13046. The Company
has also established a restructuring information line at 800-299-1960.
Additional information regarding the filings, including the Company`s plan of
reorganization and disclosure statement can also be found at www.loganandco.com.

About Freedom Communications

Freedom Communications, headquartered in Irvine, Calif., is a national privately
owned information and entertainment company of print publications, broadcast
television stations and interactive businesses. The company`s print portfolio
includes approximately 90 daily and weekly publications, including approximately
30 daily newspapers, plus ancillary magazines and other specialty publications.
The broadcast company`s stations - five CBS, two ABC network affiliates and one
CW affiliate - reach more than 3 million households across the country. The
Company`s news, information and entertainment websites complement its print and
broadcast properties.

Sitrick And Company
Robert Emmers
Maya Pogoda
310-788-2850

Copyright Business Wire 2009