Journal Register Company Acquired by Alden Global Capital
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(Press Release) YARDLEY, PA, July 14, 2011—Journal Register Company, a leading multi-media company in local news and information, announced today that Alden Global Capital (“Alden”) has purchased the Company.
“This is a great vote of confidence from Alden in our strategy and the work of our employees who I want to personally thank for their efforts during this turnaround. 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,” said John Paton, Journal Register Company’s Chief Executive Officer.
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