JOURNAL REGISTER COMPANY
The 'Journal Register Company' is an American media company, specializing in newspaper publishing. According to Yahoo! finance, JRC's stock price fell to $2.78 as of 7 Aug 2007, from its 52-week high of $8.60. The company, led by chairman and CEO Robert M. Jelenic, was carrying $646 million in debt,[1] largely as a result of its purchases. In September 2006, JRC was named one of the Ten Worst Managed Companies in America by 24/7 Wall Street[2]
The company owns 22 daily and 327 non-daily newspapers concentrated in an arc from New England to Michigan, including the Philadelphia area. In 2006, the company moved its headquarters to Yardley, Pennsylvania from Trenton, New Jersey.
In June 2007, Jelenic announced that he would take a leave of absence because of cancer surgery.[3] James W. Hall, an independent director, was named acting CEO.
| Contents |
| Properties |
| History |
| External links |
| References |
Properties
: ''Full list: List of Journal Register Company publications.''
The company owns daily and weekly newspapers, other print media properties and newspaper-affiliated local Websites in the U.S. states of Connecticut, Michigan, New York, Ohio and Pennsylvania.
JRC's flagship daily newspaper is the ''New Haven Register''. Its largest daily newspapers (approximate daily circulation over 20,000) are:
★ ''New Haven Register'' of New Haven, Connecticut (94,100)
★ ''The Oakland Press'' of Pontiac, Michigan (65.600)
★ ''The News-Herald'' of Willoughby, Ohio (45,600)
★ ''Delaware County Daily and Sunday Times'' of Upper Darby Township, Pennsylvania (45,700)
★ ''The Macomb Daily'' of Mount Clemens, Michigan (44,100)
★ ''The Trentonian'' of Trenton, New Jersey (Sunday: 27,400)
★ ''The Morning Journal'' of Lorain, Ohio (30,900)
★ ''The Daily Local News'' of West Chester, Pennsylvania (28,700)
★ ''Daily Freeman'' of Kingston, New York (21,500)
History
In 2004, JRC bought 21st Century Newspapers, gaining ownership of several daily newspapers in Greater Detroit.
In 2006, JRC bought the Web site JobsInTheUS.com. It is also a major shareholder in consulting company PowerOne Media.
In early 2007, JRC completed the sales of its former Massachusetts and Rhode Island newspapers to GateHouse Media and RISN Operations, respectively.
External links
★ JRC BITES blog
★ Journal Register Company corporate website
★ Yahoo! JRC messageboard
References
1. "Could Journal Register (JRC) Miss Its Debt Service?" 24/7 Wall Street, 20 July 2007
2. "The Ten Worst Managed Companies In America: Conexant And Journal Register" 24/7 Wall Street 22 September 2006
3. "Jelenic, Journal Register Chief, Takes Leave for Cancer Surgery" Editor & Publisher, 8 June 2007
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