Just released from Journal Register Co. headquarters in Pennsylvania:
Journal Register Company Retains Dirks, Van Essen & Murray to Sell Newspapers
Thursday, 13 November 2008
Yardley, PA - Journal Register Company (the “Company”) (PINKSHEETS: JRCO) today announced that it has retained Dirks, Van Essen & Murray to help manage the process of seeking buyers for certain of its daily and weekly newspaper publications located throughout its Michigan, Connecticut and Philadelphia-area clusters. The publications that have been selected for sale are important publications that have been serving their communities for many years; however, Journal Register Company can no longer give both the resources and attention that these publications require to achieve their full potential.
To learn more about the properties that are for sale, please contact Dirks, Van Essen & Murray at 505-820-2700.
I view this as a positive development because it indicates there is a real intention to try to sell the papers. Of course, we already knew there was a broker hired, but having the company say so does mean something.
Oh, and it also means that a bunch of other journalists in Pennsylvania and Michigan must have got the bad news today.
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