O.C. Register To Be Sold?

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Orange County philanthropists George Argyros and Larry Higby are interested in buying the Orange County Register, according to the Orange County Business Journal. (The Reg itself remains silent on the issue.)

The move might help the foundering paper get back its footing, particularly since the Journal reports “The businessmen reportedly expressed a desire to keep the Register independent and locally owned.”

Curiously, though, Higby recently negotiated “the sale of Apria to Blackstone Group LP (the same company that’s invested in the Register) for $1.6 billion.”

As one media analyst put it to us: “It wouldn’t be great, but at least it would still exist. Wondering if Reg might be first major paper to go out of business.”