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February 9, 2007
Journal Register Company Completes Sale of Massachusetts Newspapers
Yardley, PA – Journal Register Company (NYSE:JRC) today announced that it has completed the sale of its two daily community newspapers and five non-daily publications in Massachusetts to GateHouse Media, Inc. The final sales price was approximately $70 million incash and approximately $2 million of working capital. Net after-tax proceeds of the sale will be used to pay down debt. The daily newspapers included in the sale are The Herald News locatedin Fall River, Massachusetts and the Taunton Daily Gazette located in Taunton, Massachusetts.
About Journal Register Company
Journal Register Company is a leading U.S. media company. Journal Register Company owns 22 daily newspapers and 344 non-daily publications. Journal Register Company currently operates 221 individual Web sites that are affiliated with the Company's daily newspapers, non-dailypublications 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 six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and theCapital-Saratoga and Mid-Hudson regions of New York. The Company owns JobsInTheUS, anetwork of 19 premier employment Web sites.
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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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