Posted on 09/05/2012 10:25:47 AM PDT by Second Amendment First
Digital First Media, which jointly operates MediaNews Group -- owner of the Daily Camera and the Denver Post -- and the Journal Register Co., announced today that the Journal Register has filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the Southern District of New York.
The company will seek a prompt sale, said John Paton, chief executive of Digital First Media. New York-based Journal Register operates more than 350 multiplatform news and related products in 10 states.
"We expect the auction and sale process to take about 90 days, and we are pleased to announce the company has a signed stalking horse bid for Journal Register Company from 21st CMH Acquisition Co., an affiliate of funds managed by Alden Global Capital LLC," Paton said in a statement.
(Excerpt) Read more at dailycamera.com ...
Media deathwatch!
The Boulder Daily Camera is one site I use
to scan “Progressive” (read Socialist) thought
Boulder is a hotbed for it
I’m very familiar with the slant from Boulder. I visit regularly to see the grandkids. I read the Camera to let my son know if there is news he should be aware of while he finishes his PhD thesis in physics.
Most of Colorado is a hotbed for it.
Maybe the internet killed all that, but if newspapers can't survive in the Denver metro area, then they are toast.
The Denver Post is headed for the dung heap of history where Mike Littwin, Bill Johnson, Dianne Carmen, Tina Griego, ad infinitum, already reside and rightfully so.
I pay attention to Boulder, also,
due to an old friend living there
Just to clarify, the Journal Register branch of MediaNews Group is not the owner of The Denver Post, so The Denver Post is not affected by this action.
Bring out your dead newspapers, bring out your dead newspapers! The buzzards are coming to pick over your bones.
No it ain’t. But Denver and Boulder sure are.
Dean Singleton deserves to join them.
The leading publication in the largest metropolitan area in a swing state dying for want of advertising during an election year with a presidential campaign in high gear is not a good omen for the newser business.
Subscribe today to your local morning newspaper!!!
Yesterday’s news tomorrow!!
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