Debt-ridden Journal Register files for Chapter 11 bankruptcy; plans reorganization
Submitted by Manjinder Singh on Mon, 02/23/2009 - 12:28Yet another struggling newspaper company, The Journal Register Co, has filed a Chapter 11 bankruptcy protection, as a part of its restructuring attempt pre-approved on key issues by JPMorgan Chase Bank and 26 of its 37 secured lenders. The court papers say that the company will soon solicit its reorganization-plan approval of the other creditors as well.












