Free press releases distribution network?

Agency / Source: FTI Consulting, Inc.

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



FTI Capital Advisors Completes Sale of the Operating Business and Real Estate Assets of Freedom Communications as Part of Bankruptcy Proceedings - FTI Capital Advisors, LLC has completed the sale of Freedom Communications, Inc.’s operating businesses and real estate assets to Digital First Media Inc. - DigitalFirstMedia.com / FTIconsulting.com
FTI Capital Advisors Completes Sale of the Operating Business and Real Estate Assets of Freedom Communications as Part of Bankruptcy Proceedings

 

PRZOOM - /newswire/ - Washington, DC, United States, 2016/04/11 - FTI Capital Advisors, LLC has completed the sale of Freedom Communications, Inc.’s operating businesses and real estate assets to Digital First Media Inc. - DigitalFirstMedia.com / FTIconsulting.com. NYSE: FCN

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

FTI Capital Advisors, LLC (“FTICA”), the wholly-owned investment banking subsidiary of FTI Consulting, Inc., the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, has completed the sale of Freedom Communications, Inc.’s operating businesses and real estate assets to Digital First Media Inc., following a bankruptcy auction earlier this month.

Digital First Media’s $51.8 million bid (digitalfirstmedia.com) was approved by the United States Bankruptcy Court in Santa Ana, CA, after the U.S. Department of Justice filed an antitrust lawsuit against the highest bidder, Tribune Publishing. The final sale to Digital First Media closed on March 31, 2016 for $49.8 million. Freedom Communications had filed for Chapter 11 bankruptcy protection on November 1, 2015. FTI Capital Advisors was retained to conduct a formal sale process pursuant to Section 363 of the Bankruptcy Code.

Freedom Communications’ media assets consist of multiple print publications including the Orange County Register and The Press-Enterprise, 23 weekly newspapers, three magazine and specialty publications, as well as interactive media businesses. The company also owns 14.3 acres of real estate in Santa Ana, which is partially improved with a commercial printing facility as well as 6.5 acres in Riverside, CA, improved with an additional printing facility. The company is headquartered in Santa Ana, CA. Digital First Media publishes the Los Angeles Daily News, Long Beach Press-Telegram and other Southern California papers. Digital First Media, a business name of MediaNews Group, offers news reporting and third party advertising and directory opportunities through its more than 800 multi-platform products which include web, mobile, tablet and print.

According to Senior Managing Director and Leader of FTI Capital Advisors’ Real Estate Capital Markets team Michael VanderLey,“There was significant interest in both Freedom’s business and real estate assets. Bids were received from strategic acquirers such as Digital First Media and other media companies, as well as real estate investors and developers. Bidding at the auction was spirited, and the sale process resulted in an outcome that maximized value for the estate. Sale proceeds will help repay creditors including lenders, pension obligors and other claimants.”

Shane Campbell, Managing Director of FTI Capital Advisors, adds, “The bankruptcy process facilitated another example of consolidation that has become the trend in the newspaper industry in the face of the evolving media landscape. Given the prolonged distressed nature of Freedom Communications, this is a positive outcome to the Orange County Register and The Press Enterprise and to news readers in the Southern California region.”

About FTI Capital Advisors and its Real Estate Capital Markets Practice

FTI Capital Advisors serves its clients by advising on debt and equity private placements, providing sell-side and buy-side acquisition advisory services, and delivering fairness opinions and valuation advice. The investment bank advises both healthy and distressed public and privately-held companies, as well as organizations in “special situations”, with a particular focus on industries including publishing, telecommunications, energy, clean-tech, healthcare, retail, real estate, consumer food/restaurants and basic services and manufacturing. FTI Capital Advisors, LLC is a registered broker dealer with U.S. Securities & Exchange Commission and member of FINRA and SIPC.

The Real Estate Capital Markets team helps public and private sponsors, operators, investors and operating businesses strategically dependent on real estate with debt and equity financings, asset and portfolio-level transactions, business combinations including joint ventures and M&A and on strategic issues affecting enterprise value.

About FTI Consulting
FTI Consulting, Inc. (fticonsulting.com) is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,600 employees located in 28 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.78 billion in revenues during fiscal year 2015.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: FTI Consulting, Inc.

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


FTI Capital Advisors Completes Sale of the Operating Business and Real Estate Assets of Freedom Communications as Part of Bankruptcy Proceedings

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
|
Contact: Press Office - FTIconsulting.com 
561-515-1900 info[.]fticonsulting.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any FTI Consulting, Inc. securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From FTI Consulting, Inc. / Company Profile


Read Financial/Legal/Venture Most Recent Related Press Releases:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  JobsWare.com

Visit  Triggr & Bloom

Visit  BizJobs.com







 
  ©2016 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today