The publisher of 11 Connecticut daily and weekly newspapers, including the New Haven Register, The Westport Minuteman and The Fairfield Minuteman, will be sold through an auction in February 2013.
Digital First Media, operator of Journal Register Co. and MediaNews Group, announced that the U.S. Bankruptcy Court for the Southern District of New York approved the bid procedures, sale process and timeline for Journal Register Co., based in Yardley, Pa., on Dec. 20.
A public auction is expected to be concluded on or before Feb. 15, 2013, Digital First Media announced in a press release. The New York City-based company expects the winning bid to be approved by the court by Feb. 21.
An initial bid was filed by 21st CMH Acquisition Co., an affiliate of funds managed by Alden Global Capital L.L.C., according to Digital First Media.
Journal Register Co., which owns newspapers and other publications in 10 states including Connecticut, filed for bankruptcy protection in September.