News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Meaden & Moore

Greater Akron Chamber

Levin Furniture


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Journal Register Co. bankruptcy leaves newspaper jobs uncertain
News company to close sale of two papers April 17, leaving 217 employees in danger of potential job loss
by WKSU's AMY COOKNICK


Reporter
Amy Cooknick
 
In The Region:

A newspaper chain that serves two northeast cities may shift from print to online as part of its bankruptcy restructuring.

The Journal Register Co. owns the News-Herald in Willoughby and the Morning Journal in Lorain.

The company filed for bankruptcy in September for the second time in three years. This week, it announced the sale and that it will lay off more than 200 employees at the two papers.

The new owner, an affiliate of the New York-based hedge fund Alden Global Capital, is expected to rehire some of those reporters, editors and designers.

But Dennis Hetzel, executive director of the Ohio Newspaper Association, says the sale means uncertainty for the papers.  

Dennis Hetzel on the state of local newspapers

Other options:
Windows Media / MP3 Download (0:24)


“My understanding of this is that it’s a very complicated legal process that the Journal Register Co. is going through and my hope is that when the dust settles these two newspapers will continue to publish and serve their communities.”

The entity purchasing the two Ohio papers is known as 21st CMH Acquisition Co. It's paying about $120 million for the chain, which includes 18 media properties -- including 10 newspapers -- in 10 states. 

Journal Register will cease operations in April.  

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

The first big private gift comes in for the pro football HOF project
The HOF has needed a shot in the arm for many years and this project will go a long way to getting the attraction the attention it deserves (next: upgrad...

Environmental study nears completion in East Liverpool
Twenty years ago my twin sister and I protested the building and operation of the WTI facility citing several studies that indicated the risk of cancer due to ...

HOF's Canton expansion could take an island and make it a village
I live in the block from Broad St to the Hall of Fame and will be impacted by the expansion. I am in the process of selling my home and planned to long before i...

Cleveland redeploys police to replace rejected red-light traffic cameras
Periodic rotational enforcement without warning does NOT change behavior and the city officials know that. This is the basis of all officer-run enforcement trap...

New enrollment period offers more insurance options
The removal of federal funding for healthcare CO-OPs may limit the growth of the CO-OP movement. http://www.healthcaretownhall.com/?p=6381

The family of Boardman vet killed in Vietnam receives his medals
My name is Mike Eisenbraun. I am Larry's brother. I was 14 years old when Larry was killed in Vietnam. He has been gone for 46 years but it seems like yester...

Cleveland seniors are creating new wealth -- and facing new challenges
Why is anyone surprised that we people over 65 are not retiring? If you have been paying attention, defined company funded pensions were phasing out in the eigh...

Ohio company cuts off a dairy supplier after allegations of animal abuse
these people should be held accountable for their actions. i would be more than pleased to see a year or more behind bars. i will NEVER eat anything that comes ...

Goodyear recruits thousands of vets
What a wonderful interview! Excellent reporting skills by a talented young reporter! I look forward to hearing more from Ms. Schley!

Copyright © 2014 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University