Sunday, February 22, 2009

JRCO cut 50% of papers, 15% of jobs

Journal Register Co. radically slimmed down its operations in the year leading up to its bankruptcy filing, shedding half of its non-daily newspapers and 15.5% of its work force.Details of the unsuccessful effort to avoid default on the company’s debt are contained in the documents supporting the bankruptcy petition filed Friday in Manhattan. The petition seeks to reorganize JRCO as a privately

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