The Journal Register, whose stock price is now $.0039 per share, announced that it will close 16 of its Connecticut weeklies and might shut down 2 of its dailies, the Bristol Press and New Britain Herald, in January if it cannot sell them by January 12th. In no way do Bristol or New Britain qualify [...]
While the Minneapolis Star Tribune continues to negotiate with its debt holders about delaying its debt payments in an effort to remain solvent, the Journal Register reached agreement with its banks to delay debt payments until November. At the end of the first quarter, the Journal Register had $640 million in debt on its balance [...]