A sale date has been announced for a New York-based newspaper and other Journal Register Company assets.
Digital First Media has announced the U.S. Bankruptcy Court for the Southern District of New York has granted final approval for the sale of the assets of Journal Register Company and its affiliates to 21st CMH Acquisition, assets which include the Ulster County-based newspaper the “Daily Freeman”. The parties have set April 2 as the sale date. 21st CMH Acquisition is an affiliate of funds managed by Alden Global Capital. Alden Global already owns the Journal Register Company. 21st CMH Acquisition was the only bidder in a Chapter 11 bankruptcy auction. Earlier this month, Newspaper Guild union members at the “Daily Freeman” agreed to a two-year contract with the newspaper’s imminent owner.