Wednesday, May 22, 2013

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?

Comments

Ditto

In the trenches | Wednesday, September 5, 2012

Couldn't agree more. Pontificating and tweeting from ivory towers has never been an effective business strategy.

Anyone surprised?

News consumer | Wednesday, September 5, 2012

So, let's get this straight. Company emerges from bankruptcy and promptly trusts its future -- and that of its employees -- to a bunch of people like Jay Rosen, who wouldn't know a newsroom from a coffee shop, who lead that company directly back into bankruptcy?
I hope people begin to wake up to the fact that the Future of News consensus, as Dean Starkman so aptly put it, are the wrong people to be looking to in times like these.

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