Tough times for one of the great newspaper companies:

Freedom Communications Inc, owner of the Orange County Register newspaper, is expected to file for bankruptcy this week, a source familiar with the situation said on Sunday.
Freedom, which has been majority owned for more than 70 years by the Hoiles family, has reached agreements with its lenders to restructure its debts, according to a report in the online edition of The Wall Street Journal. The lenders include JPMorgan Chase (JPM.N), SunTrust and Union Bank of California.
Freedom, which owns of more than 30 other daily newspapers and eight television stations, will continue to operate under bankruptcy protection, the Journal said.