Journal Register Co. Files For Chapter 11
Posted: 9/5/2012 | By: John Paton | Digital First Media
Today Digital First Media announced Journal Register Company has
filed for Chapter 11 bankruptcy and will seek to implement a prompt
sale.
We expect the auction and sale process to take about 90 days, and I am pleased to tell you the Company has a signed stalking horse bid for Journal Register Company from 21st CMH Acquisition Co., an affiliate of funds managed by Alden Global Capital LLC.
So why file Chapter 11?
We expect the auction and sale process to take about 90 days, and I am pleased to tell you the Company has a signed stalking horse bid for Journal Register Company from 21st CMH Acquisition Co., an affiliate of funds managed by Alden Global Capital LLC.
So why file Chapter 11?