What Price Freedom Communications?

Freedom Communications, the publisher of the Orange County Register and other papers, and one of the few remaining family-owned media companies, has worked out a deal so that it will stay within the family.

As this Ft. Worth Star-Telegram account reports, terms were not disclosed, but most analysts figure the company is worth between $1.5 billion and $2 billion.

With family control, it's likely that Freedom papers will maintain their distinctively libertarian slant. Reason Contributing Editor John Hood notes that that is especially a boon in places where "Freedom properties have a bit of critical mass, such as California, Texas, Florida, and North Carolina" (where Hood runs the John Locke Institute)