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Freedom Newspapers agreed to buy a TV station.

November 02, 1985

The Santa Ana-based communications company agreed to buy the nation's oldest television station, WRGB in Schenectady, N.Y., for $57 million. Freedom Newspapers, which owns the Orange County Register, 28 other daily newspapers and four television stations, will pay $22 million more for the CBS affiliate than the current owner, Universal Communications Corp., paid for it in 1983. The family-owned corporation would not say how it would finance the deal, which is subject to Federal Communications Commission approval. With approval, the sale may be concluded as early as January.

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