Journal Register Company profile and media properties
James W. Hall is the CEO of Journal Register Company.
The Journal Register Company publishes local newspapers and magazines throughout the northeast and midwest United States. The company has faced severe financial troubles for several years, resulting in a bankruptcy filing in February 2009.
Prior to filing for bankruptcy, the company shut down many of its small circulation newspapers in Connecticut, Michigan, New York and Pennsylvania. It also sold a number of newspapers, including its largest daily newspaper, the New Haven Register in Connecticut.
The company publishes The Oakland Press, the third-largest daily in metropolitan Detroit. However, most JRC newspapers are small circulation newspapers serving small markets.
With about 200 non-daily publications, Journal Register newspapers are located in six geographic clusters: Greater Philadelphia, Michigan, Connecticut, Greater Cleveland, and in New York State’s Capital-Saratoga and Mid-Hudson regions.
Journal Register was a public company that experienced rapid decline. Company stock had traded at near $20 in September 2005, but in September 2008 a share of JRC stock traded below one cent, closing at $0.005. The stock was traded on the New York Stock Exchange until the exchange delisted it on April 16, 2008. Until the company declared bankruptcy in February 2009 (see below), company stock traded on the pink sheets.
On February 21, 2009, the Journal Register Company filed for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Southern District of New York. The reorganization plan submitted by the company will reduce it's debt and cancel its stock, and Journal Register will become a closely held company controlled by its lenders.
The Journal Register Company emerged from Chapter 11 bankruptcy protection on August 7, 2009, and is now privately controlled.
Contact Information
| Web Site: | www.journalregister.com/ |
| Telephone: | 215.504.4200 |
| Address: | 790 Township Line Road 3rd Floor Yardley PA 19067 USA |
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