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You can find the current article at its original source at http://www.guardian.co.uk/media/greenslade/2013/feb/22/us-press-publishing-downturn
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| US publisher in bankruptcy prepares to lay off 844 staff | US publisher in bankruptcy prepares to lay off 844 staff |
| (7 months later) | |
| A leading US newspaper publisher, the Journal Register Company, appears ready to make hundreds of its staff redundant. | A leading US newspaper publisher, the Journal Register Company, appears ready to make hundreds of its staff redundant. |
| According to a Detroit News report, Journal Register has filed notice with a bankruptcy court in which it says it plans to lay off 844 employees in the state of Michigan. | According to a Detroit News report, Journal Register has filed notice with a bankruptcy court in which it says it plans to lay off 844 employees in the state of Michigan. |
| They include 131 editorial staff, 295 in operations, 156 in advertising, 125 in circulation and 92 in administration plus three executives. | They include 131 editorial staff, 295 in operations, 156 in advertising, 125 in circulation and 92 in administration plus three executives. |
| These redundancies will occur once the company sells most of its assets to 21st CMH Acquisition, an affiliate of the New York hedge fund Alden Global Capital. | These redundancies will occur once the company sells most of its assets to 21st CMH Acquisition, an affiliate of the New York hedge fund Alden Global Capital. |
| Jonathan Cooper, a vice president with the Journal Register division responsible for Michigan papers, Digital First Media, described the redundancy notices sent employees as "the next step in the company's ongoing sale process." | Jonathan Cooper, a vice president with the Journal Register division responsible for Michigan papers, Digital First Media, described the redundancy notices sent employees as "the next step in the company's ongoing sale process." |
| However, it is possible that the new owners could rehire some staff after completing the acquisition. | However, it is possible that the new owners could rehire some staff after completing the acquisition. |
| Journal Register, which has newspapers in 10 states, has filed for bankruptcy protection twice in three years. | Journal Register, which has newspapers in 10 states, has filed for bankruptcy protection twice in three years. |
| Source: Detroit News | Source: Detroit News |
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