Local Newspaper Publisher Sale Approved
Posted: 3/22/2013 | By: Jeff Blumenthal | Philadelphia Business Journal
Yardley-based newspaper publisher Journal Register Co.
Thursday won court approval to sell its assets to an affiliate of its
current owner in exchange for $114 million in secured debt and about $6
million in cash, Bloomberg reported.
A New York-based bankruptcy judge turned away concerns from a
communications workers union that objected to the deal with the buyerr,
21st CMH Acquisition Corp.