Journal Register's $120M Asset Sale Nears Finish Line

Law360, New York (March 26, 2013, 1:50 PM EDT) -- Journal Register Co. will likely receive the go-ahead for its $120 million asset sale to a unit of hedge fund Alden Global Capital LLC soon, after a New York bankruptcy judge indicated Tuesday that he was generally satisfied with the sale agreement.

At a hearing Tuesday, U.S. Bankruptcy Judge Stuart M. Bernstein instructed JRC and buyer 21st CMH Acquisition Co. to make a series of minor edits to the sale order. Though he said he would not sign off on the order until the changes were...
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