OC Register anticipates bids
By Lauren Drablier, Wednesday 17 September 2008 at 16:52 :: Media Ownership :: #2296 :: rss
A real estate and investments billionaire and a healthcare boss are looking to buy the Orange County (California) Register, the Orange County Business Journal reported.
George Argyros, a real estate and investments billionaire, and Larry Higby, chief executive of Apria Healthcare Group Inc., have shown interest in buying the newspaper. The Register is also said to be in talks with the Los Angeles Times about combining some operations in order to share costs.
Freedom Communications, owner of the Register, has seen a decrease in revenue caused by a drop in advertising over the past year. Revenue is at US$750 million a year, down $50 million from last year, the Orange County Business Journal reported.
Comments
No comment.
Post comment