I am, however, interested to learn that there is a nicer juicy bit of personal/family drama here. The New York Times reports:
So, the clear-eyed business heads get to hang onto the bankroll, while the sentimentalists who stuck to their guns will be eating dirt.
Freedom’s bankruptcy will most likely wipe out the 45 percent equity stake held by two big private equity firms, the Blackstone Group and Providence Equity Partners. ...
The majority of Freedom is still owned by the Hoiles family... Freedom accepted the investments from Blackstone and Providence nearly six years ago to allow some Hoiles family members to sell their stakes in the company, ending strife within the clan.