Sunday, February 22, 2009

Journal Register Go Boom

From MSNBC:

Journal Register files for bankruptcy protection
Stock will be canceled, lenders will control newspaper company
"The Journal Register Co., publisher of the New Haven (Conn.) Register and other newspapers, filed for Chapter 11 protection Saturday, joining at least two other publishers that turned to bankruptcy court in recent months amid slumping advertising revenue and circulation.

The Yardley, Pa.-based company said in a statement posted Saturday on its Web site that it expects to operate as usual during restructuring and didn't anticipate any interruption in business."

But too late for Mt. Airy, Germantown, Conshie and other communities.


Scott Alloway

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