Past, Present Freedom Communications Executives to Receive Reason Foundation's "Flame of Freedom" Award

R. David and Judith Threshie and Richard A. and Patricia Wallace honored for commitment to individual liberty, free markets, and the rule of law

Los Angeles (November 12, 2008) - In recognition of their constant, courageous commitment to libertarian principles, Reason Foundation will award the "Flame of Freedom" to R. David and Judith Threshie and Richard A. and Patricia Wallace.

"The Threshies and Wallaces have been unwavering voices in the ongoing battle to advance freedom," said David Nott, president of Reason Foundation. "As Reason celebrates four decades of free minds and free markets, we salute these families for their dedication to individual liberty."

Mr. Threshie is the Chairman Emeritus of the Board of Freedom Communications and the former publisher and Chief Executive Officer of the Orange County Register. Mr. Wallace serves as a trustee of Reason Foundation and recently retired from his role as Vice President of Corporate Affairs of Freedom Communications. He served on Freedom's Board of Directors from 1968-2007.

Mrs. Threshie and Mrs. Wallace are granddaughters of R.C. Hoiles, the libertarian founder of Freedom Communications. Through the leadership of the Wallace and Threshie families, Freedom has continued to uphold Hoiles' commitment to liberty while acting as a partner in the vitality and growth of every community served by the company.

Hoiles, who built a communications empire based on his personal values of integrity, individual responsibility, and respect for freedom and community, died in 1970. Today, Freedom Communications, headquartered in Irvine, California, is a privately owned information and entertainment company of 33 daily and 77 weekly newspapers, eight broadcast television stations, and a wide variety of Internet publications and businesses.

The Flame of Freedom recognizes the contributions of the Threshies and Wallaces in developing, applying, and promoting the libertarian principles of individual liberty, free markets, and the rule of law. The award will be presented at Reason magazine's 40th anniversary gala on November 14th at the Hollywood Roosevelt Hotel.

About Reason Foundation

Reason Foundation is a nonprofit think tank dedicated to advancing free minds and free markets. Reason Foundation produces respected public policy research on a variety of issues and publishes the critically acclaimed Reason magazine and its website www.reason.com. For more information, please visit www.reason.org.

Contact

Chris Mitchell, Director of Communications, Reason Foundation, (310) 367-6109



;