Wednesday, August 12, 2009

Journal Register emerges from Ch. 11 protection

Journal Register Co., publisher of the New Haven (Conn.) Register and other newspapers, said it has emerged from bankruptcy protection and secured new financing from its lenders, six months after making its Chapter 11 filing.

The bankruptcy process was relatively quick because the company, before making its filing in February, had reached an agreement to cancel its stock and become a private company controlled by its lenders.

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