Projo Biz Blog

Journal Register files for bankruptcy

7:45 AM Mon, Feb 23, 2009 |
By Business staff    Email this author |   Email this entry

The Journal Register Co., the media company that once owned several newspapers in Rhode Island, filed for bankruptcy protection from its creditors, blaming a slump in advertising.

The Yardley, Pennsylvania-based company listed debt of as much as $1 billion and assets of between $100 million and $500 million in Chapter 11 documents filed in U.S.
Bankruptcy Court in New York.

Journal Register previously owned The Call of Woonsocket, The Times of Pawtucket, the Kent County Daily Times and other Rhode Island publications before selling them in January of 2007.

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