You might say this company really believes in freedom of the press. Freedom Communications is a leading newspaper publisher with more than 30 daily papers mostly in California, North Carolina, and Texas. Its portfolio includes The Orange County Register in California, which boasts a circulation of about 195,000. The company also publishes more than 60 weekly community papers and it owns nearly 10 TV stations, mostly affiliated with CBS and ABC, serving markets in a half dozen states. Freedom Communications, which emerged from bankruptcy in 2010, was founded by R. C. Hoiles. It is controlled by an investment group that includes Angelo Gordon & Co., Alden Global Capital, and Luxor Capital Group.