You might have heard: Freedom Communications is selling the Orange County Register and Riverside Press-Enterprise in a formal auction today, which includes Tribune Publishing and Digital First Media and Tribune Publishing as bidders (Los Angeles Daily News)
But did you know: According to a letter to Freedom Communications, the U.S. Justice Department sees “serious” antitrust issues with a potential sale of the Orange County Register to Tribune Publishing. The letter says that the Justice Department “believes the acquisition of the Freedom assets by Tribune poses a serious risk of harming newspaper readers and advertisers in Orange County and Riverside County.” The letter also says that the department does not have antitrust concerns with any other potential bidders, which includes group of investors led by Freedom CEO Rich Mirman, in addition to Digital First.
The post The US Justice Department warns that if Tribune Publishing purchases the Orange County Register, it will take antitrust action appeared first on American Press Institute.
from American Press Institute http://ift.tt/1Rm9FIw
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