Saturday, February 21, 2009

Journal Register Goes Chapter 11, Hoping Nobody Was Looking

UPDATE 2/23: Journal Register Tries to Redefine Chutzpah in Bankruptcy Filing. Check this out.

No Such Luck; Could Be Too Little, Too Late

The real question over Journal Register filing for bankruptcy today is what took so long?
Now comes the waiting for the company's 20 daily papers and 159 non-dailies. It's regrettably too easy to bet against them.
The company also intends to go private, which will spare them the further embarrassment of seeing their stock price listed. Lately, shares have traded for under a penny.
And if you're looking for more information on the company's Web site, good luck. Seems you're not alone.

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