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Journal Register Co., owner of 27 daily and 327 non-daily newspapers, now trades at $0.04/share

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Newsjock Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jul-26-08 11:51 PM
Original message
Journal Register Co., owner of 27 daily and 327 non-daily newspapers, now trades at $0.04/share
Edited on Sat Jul-26-08 11:51 PM by Newsjock
The total market capitalization of the company is now $1.73 million ... for 27 daily newspapers!
http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003831994

The Journal Register Co., which was trading over the counter as low as 3 cents, has entered into a forbearance agreement with JP Morgan Chase Bank, the company announced today. Under the terms, Journal Register will not have to pay interest on its debt from the period of July 24 through Oct. 31. Interest during this period will still accrue.

... As of mid-afternoon, Journal Register (OTC: JRCO.PK) was trading up 32.8% by a penny to 4 cents.
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Care Donating Member (34 posts) Send PM | Profile | Ignore Sun Jul-27-08 12:13 AM
Response to Original message
1. The Written Word Is Worth More Than This
Bush has ruined the value of everything.
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