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Proxies from Media Firm Freedom Communications Detail Buyout for Shareholders.

Publication: Knight Ridder/Tribune Business News
Date: Thursday, November 20 2003

By Mary Ann Milbourn, The Orange County Register, Calif. Knight Ridder/Tribune Business News

Nov. 20--Freedom Communications Inc. shareholders began receiving proxy statements Wednesday detailing a $1.7 billion deal that would allow two East Coast investment firms to buy out anyone who wants to sell their shares in the family-owned company.

Last month the board of Freedom, the Irvine-based parent of The Orange County Register, recommended a partnership with Blackstone Communications Group in New York and Providence Equity Partners in Rhode Island to res

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