Union Objections Stall $122M Journal Register Sale

Law360, New York (February 21, 2013, 3:46 PM EST) -- Newspaper group Journal Register Co. on Thursday postponed a hearing for its $122 million sale to its stalking horse bidder, a unit of hedge fund Alden Global Capital LLC, saying it has received limited objections from newspaper unions that it wants to iron out.

Attorneys for JRC and for buyer 21st CMH Acquisition Co. told U.S. Bankruptcy Judge Stuart M. Bernstein at a hearing Thursday that more time was needed to resolve concerns brought by the Communications Workers of America and a representative of a multiple-employer...
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