Home Fairfield Journal Register Co. to be auctioned

Journal Register Co. to be auctioned

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.

1 COMMENT

  1. An outstanding share! I’ve just forwarded this onto a colleague who had been conducting a little research on this. And he actually ordered me breakfast due to the fact that I stumbled upon it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanx for spending some time to discuss this subject here on your site.

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