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A. H. Belo Corp's Sale Of The Press-Enterprise Not Yet Closed


Monday, 18 Nov 2013 05:46pm EST 

A. H. Belo Corp announced that the sale of substantially all of the assets comprising the newspaper operations of ThePress-Enterprise to Freedom Communications Holdings, Inc. (Freedom) has not yet closed as of the time of this announcement. A. H. Belo and the Press-Enterprise Company are pursuing multiple options to promptly consummate the disposition. The options include (1) closing with Freedom pursuant to the terms of the Asset Purchase Agreement dated October 9, 2013, as amended on October 31, 2013 (APA), (2) pursuing legal action against Freedom to enforce the terms of the APA and (3) exploring an alternative transaction with other interested parties. 

Company Quote

13.09
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24 Dec 2014