Journal Register Company profile and media properties

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Mondo Stars editors    Boulder, Colorado USA

Posted at 4:03pm on Thursday, September 1, 2011

Journal Register Company Sold to Alden Global Capital

Journal Register Company, a newspaper publisher with operations concentrated in Connecticut, Michigan, and Pennsylvania, has been acquired by Alden Global Capital, a hedge fund based in New York City. The Journal Register Company made the announcement on July 14, 2011.

Alden Global Capital has become a major investor in troubled newspaper companies across the United States, including MediaNews Group and Philadelphia Media Network, Inc., which owns the Philadelphia Inquirer and Philadelphia Daily News. Alden also has a significant investment in Tribune Company, the financial disaster produced by Sam Zell.

Journal Register CEO John Paton will keep his job under the new owners. Paton said "While we clearly have more work to do, our strategy is fast becoming a model for the future of journalism that can properly serve local communities and be economically self-sustaining and profitable. With Alden’s support of our Digital First strategy we look forward to expanding our Company going forward."

The Journal Register Company has struggled financially for years, and shut down many of its small newspapers prior to filing for bankruptcy protection in February of 2009. After emerging from bankruptcy in August 2009, the company has focused on its online services and digital audience. In the past year, the company says it has grown its digital revenues approximately 70% (Q1/2011), which is about seven times greater than the newspaper industry average in the first quarter of 2011.

The company describes its "Digital First" strategy as "developing innovative, cost-effective methods for creating, distributing and monetizing content on multiple platforms while reducing legacy costs tied to print."

Alden says that all Journal Register Company lenders have been paid in full as well receiving the equity consideration paid by Alden. The transaction was unanimously approved by the Journal Register Company’s board of directors.

Media Owners editors    Boulder Colorado USA

Posted at 10:11am on Wednesday, March 30, 2011

-- March 30, 2011 -- Jim Brady will lead a digital transition across all of the newsrooms and platforms at Journal Register Company. He was previously founder and general manager TBD. The web site eventually folded following Brady's departure.

Navy    Quakertown, USA

Posted at 9:30pm on Sunday, October 3, 2010

Why is it that we go over to Iraq and Afganistan, we protect the United States from threats both foreign and domestic but police officers pull up to a burger king and get 50% discount and I ask for one and they say no. I even show them my ID. Its not just burger king but almost everywhere. Lowes and Home Depot support us by giving military discount all year round and on memorial day and extra discount. What the hell is wrong with these money hungry companies. I think an article should be done on this topic.

Media Owners editors    Boulder Colorado USA

Posted at 9:01am on Thursday, September 23, 2010

Journal Register Company Launching Hyperlocal Portal to Serve Philadelphia

-- September 22, 2010 -- Journal Register Company is launching a hyperlocal news and advertising portal serving the Philadelphia area.

Powered by Outside.in, Inc. , the yet-to-be-named portal will provide locally relevant news based on the users’ location and interests. The site will feature content from Journal Register Company newsrooms, as well as the Company’s growing number of community publishing partners – all of whom will receive additional exposure and traffic. The Company serves 299 communities in Greater Philadelphia through 134 multi-platform products and earlier this month expanded its Digital First advertising initiative by expanding its partnership with Yahoo! into Philadelphia – the nation’s fourth largest DMA.

“This launch provides an entry into Philadelphia that is in line with Journal Register Company’s Digital First business model,” said John Paton , Chief Executive Officer of Journal Register Company. “We will harness the power of the crowd, utilize cloud technologies and provide a vibrant hyperlocal news source that focuses on the audience and the individual news consumer.”

Community-based publishers and bloggers will be able to publish their content through Outside.in’s publishing system and receive the benefit of added exposure through the partnership with Journal Register Company while maintaining control of their content and their sites. This effort is the latest in the Company’s partnerships with local publishers including a partnership with GrowthSpur – which provides training to bloggers to monetize their sites – and the establishment of Community Media Labs at Journal Register Company newsrooms earlier this year.

“This site will be powered by the audience and will benefit – through traffic and revenue – those who publish their content here,” said Jonathan Cooper, Vice President of Content. “We realize the benefit of plural voices in the community. There are hundreds of sources for news about Philadelphia and we will link to those who do it the best.”

The growth of the new site will be realized through grassroots community partnerships and will focus on supporting the existing blog community rather than attempting to direct or create it. The Company will harness the voice of the community to serve the audience.

“This will be news for the audience and by the audience,” said Mr. Cooper.

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Posted at 5:08am on Friday, March 5, 2010

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