The Journal Register Company announced it was declaring bankruptcy Wednesday. Digital First Media operates JRC; its CEO, John Paton, said in the announcement that a subsidiary of JRC’s current owners has made a bid for the company, so possibly when the company emerges from bankruptcy it will enjoy the same management, just with less debt. It’s not an easy business move to get one’s arms around. Here are a couple of explainers:
http://www.poynter.org/latest-news/mediawire/187689/journal-register-bankruptcy-gets-second-day-analysis/
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