SOURCE: Journal Register Company

November 14, 2008 16:40 ET

Editor & Publisher and Crain's Detroit Business Erroneously Report Details of Journal Register Company Newspaper Sale

YARDLEY, PA--(Marketwire - November 14, 2008) - Journal Register Company (the "Company") (PINKSHEETS: JRCO) noted that Editor & Publisher magazine's online edition erroneously reported that The New Haven Register and The Macomb Daily were part of the planned sale of publications by the Company. The Company yesterday had issued a press release announcing that it had begun the sale process for certain of its publications, but did not identify the publications. To be clear, The New Haven Register and The Macomb Daily are not for sale. The article also erroneously indicated that the Company is in default on its loans, when in fact the Company is working with its lenders pursuant to a forbearance agreement. In a separate online article, Crain's Detroit Business erroneously identified additional publications as being a part of the sale process.

About Journal Register Company

Journal Register Company owns 22 daily newspapers, approximately 300 non-daily publications and operates 239 individual Web sites that are affiliated with the Company's daily newspapers, non-daily publications and its network of employment Web sites. These Web sites can be accessed at www.JournalRegister.com. All of the Company's operations are strategically clustered in six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and Mid-Hudson regions of New York. The Company also owns JobsInTheUS, a network of 20 employment Web sites.

Safe-Harbor

This release contains forward-looking information about Journal Register Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. These forward-looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially. These risks and uncertainties include, but are not limited to statements related to the engagement of Dirks Van Essen & Murray, the Company's decision to seek buyers for certain of its publications and the ability of the Company to successfully close the sale of any of the publications. These and additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Contact Information

  • For more information:

    Journal Register Company
    Gary Struening
    Tel: (215) 504-4200

    790 Township Line Road
    Yardley, PA 19067
    Fax: (215) 504-4201