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February 5, 2007
Journal Register Company Completes Sale of Rhode Island
Newspapers
Yardley, PA – Journal Register Company (NYSE:JRC) today announced that it has
completed the sale of its three daily community newspapers and its weekly newspaper group in
Rhode Island to R.I.S.N. Operations Inc. The final sales price was approximately $8.3 million in
cash, including working capital. Net after-tax proceeds of the sale will be used to pay down debt
and for general working capital purposes.
The properties included in the sale are The Call, The Times and Kent County Daily Times in
Woonsocket, Pawtucket and West Warwick, Rhode Island, respectively, and its weekly group,
the Southern Rhode Island Newspaper Group, in Wakefield, Rhode Island.
About Journal Register Company
Journal Register Company is a leading U.S. newspaper publishing company. Journal Register
Company owns 24 daily newspapers and 353 non-daily publications. Journal Register Company
currently operates 229 individual Web sites that are affiliated with the Company's daily
newspapers, non-daily publications and its network of employment Web sites. These Web sites
can be accessed at www.journalregister.com. All of the Company’s operations are strategically
clustered in seven geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater
Cleveland; New England; and the Capital-Saratoga and Mid-Hudson regions of New York. The
Company owns JobsInTheUS, a network of 19 premier employment Web sites.
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| For more information: |
Journal Register Company
790 Township Line Road
Yardley, PA 19067
(215) 504-4200 voice;
(215) 504-4201 fax |
Ricardo A. Venegas
Treasurer
rvenegas@journalregister.com
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