Utility Shareholders meeting planned

CNJ staff The New Mexico Utility Shareholders Alliance has scheduled its annual meeting and luncheon for 11:30 a.m. Oct. 7 at the Albuquerque Grand Airport Hotel at 2910 Yale Blvd. in Albuquerque. People planning to attend must RSVP by Sept. 30. RSVP and information: (505) 836-4223.

Shareholders overwhelmingly approve Freedom deal

By Gary Gentile LOS ANGELES (AP) — Shareholders of Freedom Communications Inc. overwhelmingly approved a partnership with two investment companies that preserves one of the last family-owned media companies. The deal, announced late Wednesday, allows some family members to cash out their shares. That prospect caused other family members to fear they would lose editorial […]

Freedom won’t be sold, agrees to partnership

FREEDOM NEWS SERVICE IRVINE, Calif. — Freedom Communications Inc., whose fractious family owners have been bitterly divided over how to let some of their shareholders cash out, said Tuesday its board of directors has endorsed a plan that will leave intact the libertarian legacy of company founder and patriarch Raymond C. Hoiles. Irvine, California-based Freedom, […]

Freedom agrees to partnership

By MARY ANN MILBOURN Freedom News Service IRVINE, Calif. — Freedom Communications Inc., parent of the Clovis News Journal, Portales News-Tribune and Quay County Sun in Tucumcari, announced Tuesday it has signed an agreement with two East Coast investment firms to raise funds to allow shareholders who want out of the family-owned company to cash […]

Freedom board begins to decide fate of company

Freedom News Service IRVINE, Calif. — The board of Freedom Communications Inc. met all day Wednesday to discuss bids from potential buyers but did not decide what to recommend to the shareholders for a vote, the company said in a statement. Irvine, California-based Freedom, parent of the Clovis News Journal, said the board told its […]

Competition heats up for ownership of Freedom

By Bernard J. Wolfson and Mary Ann Milbourn IRVINE, Calif. — A family buyout offer for Freedom Communications Inc., parent of the Clovis News Journal, faces competition from several non-media investor groups among the 26 bids received late last month, according to a memo to shareholders this week. The memo, from a committee of board […]