Versa Nabs 4 Local Newspapers From Freedom Communications

Law360, New York (June 1, 2012, 5:04 PM EDT) -- An affiliate of private equity firm Versa Capital Management LLC has picked up a group of Midwestern community newspapers from Freedom Communications Inc., piling on four more small-scale news operations to its growing cache, the companies said Friday.

The two did not disclose terms of the latest deal, which gives the firm ownership of the papers and their corresponding websites in Illinois, Missouri and Ohio.

Versa founder and CEO Gregory L. Segall said that the acquisition matches up with his firm's strategy to grow its community...
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