WILMINGTON, Del. (AP) -- The owner of the Orange County Register in California and dozens of other newspapers has become the latest publisher driven into bankruptcy court by a jarring drop in advertising revenue.
Freedom Communications Inc. had been struggling to bring in enough money to repay its debt for the past year. It required workers to take unpaid leave and imposed an across-the-board 5 percent cut in wages.
The privately held company is at least the 10th newspaper publisher to file for bankruptcy protection over the past year.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
(Ed. note: The Colorado Springs Gazette newspaper is one of the publications owned by Freedom Communications.)
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