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March 29, 2007 Journal Register Company Presents at Bank of America Media, Telecommunications & Entertainment Conference Commenting on the Company’s outlook, Mr. Jelenic said, “The Company has focused much of the first quarter of 2007 on building a foundation for growth for the remainder of the year and for its future. We have launched major online initiatives, and will open a new major production facility in the third quarter that will enhance revenue and further reduce expenses in the Michigan cluster. The new production facility will allow the Company to capitalize on the opening of a new retail shopping center that is expected to open third quarter of 2007.” The Company also discussed the expected April 23, 2007 consolidation of its production facilities in its Greater Cleveland cluster. The consolidation is expected to generate annual savings of approximately $0.7 million. At the Conference, Mr. Jelenic noted that the Company is continuing to successfully package its online advertising with its print products. The Company’s Web sites are expected to generate approximately $21.4 million of online revenues for the full year 2007, representing a compound annual growth rate since 2001 of approximately 35 percent. The Company’s newspaper consortium partnership with Yahoo! combined with its own new Web site initiative will continue to position its local Web sites as the premier sites for hyper-local news, information and advertising. At the end of February 2007, the Company had fully implemented the first stage of its partnership with Yahoo! HotJobs in all 22 of its daily newspapers. The Company has successfully implemented its new Web site initiative in West Chester, Pennsylvania and expects the remainder of its Greater Philadelphia cluster to be completed by the end of April 2007. The new online platform will be rolled out across the remainder of the Company’s clusters during 2007. The new Web site initiative will incorporate streaming video, podcasting, expanded e-Commerce, Web and mobile services. JobsInTheUS, a Company subsidiary, has expanded its operations to Alabama, Louisiana and Mississippi. The strong performance at JobsInTheUS and their success is reflected in their 49% revenue growth during the first two Periods of 2007 on top of the 60% revenue growth they saw in 2006. Ms. Beck told the investors that “As always, we have maintained a strong focus on maximizing savings from cluster synergies and continuing a culture of diligent financial discipline. This focus has enabled us to reduce our recurring same-store non-newsprint cash operating expenses by 2.5 percent in 2006, as compared to 2005.” Ms. Beck provided a list of significant cost savings initiatives that will impact 2007 results. These initiatives include expected savings of approximately $9.0 million related to its various production, administrative and materials savings projects. “As a result, we expect 2007 non-newsprint cash operating expenses to be flat to down slightly, even with our significant online investment.” Ms. Beck also noted that the Company’s outstanding debt is projected to be approximately $660 million at the end of the first quarter 2007 at which time, approximately 80 percent of the Company’s debt will be covered by interest rate protection agreements. The Company's presentation at the Bank of America Media, Telecommunications & Entertainment Conference and a link to the conference Web cast can be accessed through the Company's Web site at www.JournalRegister.com. Instructions for the Web cast are available on the Bank of America Media, Telecommunications & Entertainment Conference Web site. The archived presentation will be available through April 5, 2007. About Journal Register Company Journal Register Company is a leading U.S. media company. Journal Register Company owns 22 daily newspapers and 345 non-daily publications. Journal Register Company currently operates 222 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 six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and Mid-Hudson regions of New York. The Company owns JobsInTheUS, a network of 19 premier employment Web sites. Safe-Harbor This release contains forward-looking information about Journal Register Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as “believe”, “expect”, “may”, “will”, “should”, “project”, “plan”, “seek”, “intend”, or “anticipate” or the negative thereof or comparable terminology, and include discussions of the proposed sale of assets, strategy, financial projections and estimates and their underlying assumptions, the extent or timing of cost savings, charges and statements about the future performance, operations, growth rates, products and services of the Company. These forward-looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the success of the Company's acquisition strategy, dispositions, the ability of the Company to achieve cost reductions and integrate acquisitions, failure or interruptions in the software or systems that support our product and services, competitive pressures, general or regional economic conditions and advertising trends, the unavailability or a material increase in the price of newsprint and increases in interest rates. These and additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. ###
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