Nostalgia Drives Newspaper Buys In Floundering Print Market

Law360, New York (June 12, 2012, 8:37 PM EDT) -- When an investment firm scooped up Freedom Communications Holdings Inc. on Monday, it was the latest group to hedge its bets in the Internet era with old-fashioned newspaper product — a bet that may be fueled more by nostalgia than by potential returns.

The deal, which transferred The Orange County Register and five smaller newspapers to 2100 Trust LLC, a privately held investment group headed up by former greeting card mogul Aaron Kushner, is the third in less than two months for a collection of largely...
To view the full article, register now.