Freedom asks court to OK sale of Ariz. newspapers
Lawyer Blogs
Freedom Communications asked a bankruptcy judge on Tuesday to approve the sale of the East Valley Tribune and several other Phoenix-area publications for about $2 million.
Irvine, Calif.-based Freedom Communications Holdings Inc. put the Tribune up for sale shortly after it filed for bankruptcy protection in September. The company said it planned to close the paper Dec. 31 if no buyer emerged and estimated that shutting it down would cost $1.5 million.
Thirteenth Street Media, a Boulder, Colo.-based company owned by Randy Miller, made an offer for the Tribune in November. Miller expanded his bid in January to include the Daily News-Sun in Sun City, the Ahwatukee Foothills News, Glendale/Peoria Today, Surprise Today, and the Clipper direct-mail coupon magazine.
Because Freedom is under bankruptcy protection, a judge must approve the sale, which is contingent on no better offers being made. The motion filed in U.S. Bankruptcy Court in Delaware said Freedom would accept offers until March 5.
Freedom will continue to publish the papers pending court approval of the sale. Freedom will remain the owner of its other paper in Arizona, The Sun in Yuma.
Related listings
-
Smith & Nephew Wins $4.7 Million in Arthrex Trial
Lawyer Blogs 02/16/2010Smith & Nephew Plc, Europe’s largest maker of shoulder and knee implants, was awarded $4.7 million in a patent-infringement trial against smaller rival Arthrex Inc. over a device to fix a graft to a bone.Arthrex said in a statement it will appeal...
-
Associates promoted to partners at law firm
Lawyer Blogs 02/16/2010Commercial law firm Carson McDowell has promoted four associates to partners of the firm, reflecting the growth of the business. The firm, which has over 100 people working in its Belfast office, made Emma Cooper a partner in its property practice, S...
-
Law firm employee indicted in embezzling
Lawyer Blogs 02/12/2010A grand jury has indicted a Salisbury woman for embezzling more than $140,000 from a local attorney.The Rowan County grand jury meeting Monday indicted Kimberly "Kim" Osborne on the charge of felony embezzlement.The indictment charges that she took $...
Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.