'Project Thunderdome' Company Sold To Hedge Fund

The Journal Register Company, home of the Open Newsroom project, the Ben Franklin Project, “Project Thunderdome” and a CEO who actually gives his employees bonuses, has been purchased by Alden Global Capital, paidContent reports.

This is, CEO John Paton told PaidContent, actually a good thing. “It has been my goal since the beginning to find a backer who will validate the ‘Digital First’ strategy and give us the financial firepower to expand.” He added, “We have shown the naysayers we could do just that.

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