John Paton, recognized for turning around the Journal Register Co., is now CEO of the considerably larger MediaNews Group as well—and will lead both via a new management company named for his own mantra: Digital First Media Inc.  The common thread between the two companies? Hedge fund Alden Global Capital,…

Less then two years after emerging from bankruptcy, the revamped Journal Register Company has been acquired by Alden Global Capital. The hedge fund, increasingly known for its media investments, was an early investor in the “new” Journal Register. Led by John Paton, JRC shifted from cost cutting and a moribund…

Former WashingtonPost.com editor Jim Brady will be managing the *Journal Register* Company’s ongoing “digital transformation” of its newsroom. Specifically, Brady, who departed Allbritton’s hyperlocal startup TBD.com last fall, will immediately be responsible for Project Thunderdome – Journal Register’s plan to increase its digital presence.

The Tribune Co. is expected to notify a bankruptcy court judge today that it has reached a settlement with its major creditors. That should clear the way for the company to emerge from 22 months of bankruptcy, and would mark the end of a two-year stretch that saw nine U.S.…

Lots of news in newspaper land recently, with both Journal Register and the Philadelphia Newspapers filing for bankruptcy. And then, there is the swirling debate over whether newspapers can charge for their content, which began with Walter Isaacson’s Time magazine piece and was the focus of Gordon Crovitz’ Information Age…

The Journal Register (OTCBB: JRCO)  Co. filed for Chapter 11 bankruptcy Saturday (via Romensko and Bloomberg News). According to the filing in the U.S. Bankruptcy Court for the Southern District of New York, the company reported debt of nearly $700 million against assets between $100 million and $500 million. The…

An increasing number of newspapers are facing the dire consequences of being closed unless their owners can find a buyer. Considering the state of newspapers in general and this being the worst economy in 50 years, the prospect of finding someone with the wherewithal to take over a paper is…

While the Journal Register (NYSE: JRC) Company posted a net loss of $72.2 million ($1.84 per diluted share) for Q1, the publisher’s online revenues grew by 22.8 percent year-over-year. All of the Journal Register’s regions experienced online growth, with the Greater Cleveland cluster gaining more than 84 percent during the…

Unlike other companies that would scratch and claw to delay the inevitable by a few more months, troubled newspaper publisher Journal Register (NYSE: JRC) is going peacefully: the company has confirmed that it won’t appeal a NYSE delisting notice, and that effective tomorrow, it will no longer trade on the…

A trio of media firms stand to lose their NYSE-traded status due to non-compliance with exchange regulations. Bear in mind that there’s a big gap between being in violation and actually getting kicked off the exchange, as companies have all kinds of ways of delaying and drawing out the process.…