Journal Register Gets Thumbs-Up For $120M Asset Sale

Law360, New York (March 28, 2013, 4:05 PM EDT) -- A New York bankruptcy judge on Wednesday announced his official approval of Journal Register Co.’s $120 million asset sale, allowing the newspaper company’s operations to be handed over to a unit of hedge fund Alden Global Capital LLC.

U.S. Bankruptcy Judge Stuart M. Bernstein indicated at a hearing Tuesday that he was satisfied with the substance of the sale order, asking that a handful of minor tweaks be made.

“Given all of the circumstances of these Chapter 11 cases and the adequacy and fair value of...
To view the full article, register now.