Bankruptcy Watch – Journal Register

Story Here

The Journal Register  newspaper company produces the New Haven (CT) Register, Oakland (MI) Press,  and 18 other daily newspapers, and 159 non-daily publications.   One of the reasons newspapers are in trouble is the decline in ad revenue from car companies.  Perhaps they thought that warning the public about the dangers of driving cars causing climate change would not affect them.

This is a prepackaged bankruptcy, with JP Morgan/Chase bundling the creditors interests – so chances are good the bankruptcy will not last long.

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