IRVINE, Calif.--(BUSINESS WIRE)--

Freedom Communications announced today that the sale of the print and online publishing assets of its Texas properties, The Brownsville Herald, El Nuevo Heraldo, The Harlingen Valley Morning Star, The Monitor in McAllen, The Odessa American and The Mid Valley Town Crier in Weslaco, to AIM Media Texas, LLC has closed.

Terms of the transaction were not disclosed. In conjunction with the transaction, AIM previously announced that all Freedom employees at these publications will continue in their respective jobs and positions with the new company.

This transaction presented an excellent opportunity to provide our shareholders with enhanced value for their investments while also ensuring that the communities involved continue to receive the great service they have been accustomed to receiving from Freedom, said Mark McEachen, Freedom Executive Vice President, Chief Operating Officer and Chief Financial Officer.

Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to Freedom.

About Freedom Communications

Freedom Communications, headquartered in Irvine, Calif., is a national privately owned information and entertainment company of print publications and interactive businesses. The Companys print portfolio includes approximately 100 publications, including 15 daily newspapers, weekly newspapers, plus ancillary magazines and other specialty publications. The Companys news, information and entertainment websites and mobile applications complement its print properties. For more information, visit http://www.freedom.com.

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Freedom Communications Announces Close of Sale of Texas Publishing Assets