Local Newspaper Publisher Sale Approved

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By: Jeff Blumenthal | Philadelphia Business Journal

Yardley-based newspaper publisher Journal Register Co. Thursday won court approval to sell its assets to an affiliate of its current owner in exchange for $114 million in secured debt and about $6 million in cash, Bloomberg reported.

A New York-based bankruptcy judge turned away concerns from a communications workers union that objected to the deal with the buyerr, 21st CMH Acquisition Corp.

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