Daily News: March 29, 2013

Bankruptcy Court Approves Journal Register Sale

Digital First Media announced the U.S. Bankruptcy Court for the Southern District of New York granted final approval for the sale of the assets of Journal Register Company and its affiliates to 21st CMH Acquisition Co.

The parties set April 2 as the sale date for Journal Register.

“We are pleased to have received final approval for the sale and to establish a sale date for Journal Register Company,” said John Paton, chief executive officer of Digital First Media. “We thank the court, the official creditors committee, our vendors, our customers and our employees as we move forward and complete the transaction.”

The company is being sold to 21st CMH Acquisition Co., an affiliate of funds managed by Alden Global Capital.

Digital First Media is headquartered in New York City, and jointly manages MediaNews Group and Journal Register Company. Digital First Media reaches 61.5 million Americans each month through more than 800 multi-platform products across 18 states.

Previously on abfjournal.com:

Journal Register Receives Clearance for Sale Process, Thursday, December 27, 2012