News Publishing Co. Journal Register Pressed Into Ch. 11

Law360, New York (September 5, 2012, 2:03 PM EDT) -- Newspaper publisher the Journal Register Co. has filed for Chapter 11 bankruptcy in New York federal court and will seek a stalking-horse sale to an affiliate of funds managed by Alden Global Capital LLC, the company said Wednesday.

John Paton, CEO of the Journal Register’s operating company Digital First Media, announced the proposed sale to 21st CMH Acquisition Co. in a letter to employees on his personal blog.

“While I get this news may make some of you nervous, don’t let it,” Paton said. “Concentrate on...
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