CARS HOMES JOBS

Saratogian, Record layoff notices part of pending sale of newspaper chain

Wednesday, February 20, 2013
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— Employees of the Journal Register Company, the parent company of The Saratogian, The Record of Troy and the Community News, received termination notices today as part of the pending sale of JRC, which has been under bankruptcy protection.

“This does not mean there will be changes in the operation or staffing of The Saratogian, The Record, the Community News or other Journal Register Company properties,” reads a story in Wednesday’s Saratogian by Managing Editor Barbara Lombardo.

She wrote that the changes, if any, will be up to the new owner. The buyer is 21st CMH Acquisition Co., a subsidiary of Alden Global LLC, the current owner of JRC.

“The notices sent to all Journal Register Company employees — from part-time staffers to managers to the executive team — are the next step in the company’s ongoing sale process,” said Jonathan Cooper, a media relations person for Digital First Media.

Digital First Media currently operates Journal Register Company and other media companies.

“Journal Register Company’s leadership team cannot speak on behalf of the new owner but has continually expressed to the purchaser that a competent and competitive workforce is critical to the company’s success moving forward,” Cooper told The Saratogian.

 
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comments

February 23, 2013
3:38 p.m.
PeterCoe1 says...

If I read this correctly, the corporation owning these properties is selling them to its own subsidiary. ???

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