Today we announced that the Journal Register Company has been bought by Alden Global Capital. And that’s terrific news for us.
Alden has been an investor in our Company for some time and they have had a courtside seat to the Journal Register Company’s radical makeover following our Digital First strategy. They know what we do, they like what we do, and today they are putting their money behind our efforts.
Alden knows the media space well and has other newspaper company investments. Today’s announcement is a ringing endorsement of your efforts and demonstrates Alden’s confidence in our business model. Importantly, it also positions us well to continue to pursue our Digital First strategy and expand our Company going forward.
So, we stay on our Digital First plan with our team and goals intact but this time with a solid financial partner backing us all the way.
We have miles to go but today marks one very important step on our journey.
I know you will have questions – email me or post them and I will do my best to answer them.
Here is the press release http://bit.ly/mTXyXA .
Until next time, John.