Journal Register Company

Contact Ricardo A. Venegas
Treasurer
Tel: (609) 396-2200

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December 6, 2005
Journal Register Company Acquires JobsInTheUS

TRENTON, N.J. -- Journal Register Company (NYSE: JRC) – today announced the purchase of all of the assets of JobsInTheUS, owner of JobsInTheUS.com, JobsInME.com, JobsInNH.com, JobsInVT.com and JobsInRI.com, based in Westbrook, Maine. Robert M. Jelenic, Chairman and Chief Executive Officer of Journal Register Company, announced the acquisition today.

“We are very pleased to welcome Matt Hoffner and his team,” said Jelenic, “along with the online recruiting community of JobsInTheUS to the Journal Register Company family. The quality product and local focus of each of the state-specific job sites, such as JobsInME.com, make JobsInTheUS a great fit with the local focus of our print and online products. We look forward to continuing to build on the tremendous foundation and the impressive growth of these web sites.”

Jean B. Clifton, President and Chief Operating Officer of Journal Register Company, added, “This is an exciting acquisition for Journal Register Company as JobsInTheUS becomes the cornerstone of our expanded online recruitment product. JobsInTheUS has developed an impressive local model in the northeast states and we look forward to working with them to expand in our core markets as well as other markets. This high quality online recruitment product, paired with Journal Register Company’s local newspapers and websites is an important step for the future of our Company. We look forward to working with Matt Hoffner and his team to support the continued expansion of JobsInTheUS and to expand our current local online presence and offering to our current and projected readers and advertisers. JobsInTheUS revenues for 2005 are projected to be approximately $3 million. Journal Register Company currently expects the acquisition to be dilutive to its 2006 earnings by $0.05 per fully diluted share, reflecting start up costs related to the extension of product offerings into new markets including selected Journal Register Company clusters. The Company expects the acquisition of JobsInTheUS to be accretive in 2007.”

Hoffner, President and CEO of JobsInTheUS stated, “My staff and I are thrilled to be part of an innovative and forward-thinking company such as Journal Register Company. We believe our clients, both job seekers and businesses, will benefit greatly from this combination. We will continue to offer a quality, locally-focused recruiting tool to our current states.”

The terms of the transaction have not been disclosed.

About JobsInTheUS.com

Founded in 1999, JobsInTheUS is one of the fastest-growing local job Internet sites – both in terms of unique visits to the Web sites and jobs posted. Headquartered in Westbrook, Maine, the company specializes in state-specific job Internet sites where qualified candidates who want to work in a particular region find a match with local employers at a lower cost for employers than other recruiting methods.

About Journal Register Company

Journal Register Company (NYSE: JRC) is a leading U.S. newspaper publishing company. Journal Register Company owns 27 daily newspapers, including the NewHaven Register, Connecticut’s second largest daily and Sunday newspaper, and 338 non-daily publications. Journal Register Company currently operates 206 individual Web sites that are affiliated with the Company’s daily newspapers and non-daily publications. The Company also operates six JobsInTheUS Web sites. These Web sites can be accessed at www.JournalRegister.com and www.JobsInTheUS.com. All of the Company’s operations are strategically clustered in seven geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; Central New England; and the Capital-Saratoga and Mid-Hudson regions of New York. The Company also has an investment in PowerOne Media, LLC, a leading provider of online solutions for newspapers, hosting the largest online newspaper network in the U.S.

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 strategy, financial projections and estimates and their underlying assumptions, and statements about the future performance, operations, products and services of the Company. These forward-look 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, 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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For more information: Journal Register Company
State Street Square
50 West State Street
Trenton, NJ 08608-1298
(609) 396-2200
(609) 396-2292 fax

Ricardo A. Venegas
Treasurer
Tel: (609) 396-2200

 

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