Freedom, creditors reach bankruptcy deal

By Dena Bunis WILMINGTON, Del. — A federal bankruptcy court judge Thursday approved a deal between Freedom Communications, its unsecured creditors and its lenders that could allow the company to emerge from bankruptcy by the end of March. Freedom properties include the Clovis News Journal, Portales News-Tribune and Quay County Sun in Tucumcari. The arduously [...]

Freedom creditors can solicit alternative plan

By Randall Chase: The Associated Press WILMINGTON, Del. (AP) — The creditors committee in the Chapter 11 bankruptcy of Freedom Communications will be allowed to seek an alternative to the company’s reorganization plan, a Delaware judge has ruled. Following a hearing Wednesday, Judge Brendan Shannon granted the committee’s request to allow its investment bankers to [...]