Journal Register Co. files for bankruptcy - again

$70 billion does not sound like a lot to me, at least not enough to be declaring a national business trend.

 

It had zero impact on our JRC shop. We're using the same programs we've always used.

 

Just found out that JRC wrote a rubber check to our editorial cartoonist, who is a freelancer. What a shitty thing to do.

 

One of our paginators, also a freelancer, got a rubber check. Her house payment check bounced and she can't afford food this week.

Seriously.

 

"Distressed-debt investing is – to the surprise, it seems, of earnest journalists – not about building business, or even saving them. It's about jockeying for position and improving your deal. "

http://www.guardian.co.uk/commentisfree/2012/sep/10/journal-register-chapter-11-digital-first

 

It's common in bankruptcy filings, isn't it? Can't spend money without a trustees approval.

 

If you cut a check, you should honor it. Human decency 101.

 

JRC to everyone in NE Ohio: YOU'RE FIRED! Maybe the new owner will rehire you, if they keep the newspapers open.

http://www.cleveland.com/business/index.ssf/2013/02/journal_register_co_sale_set_f.html#incart_river_default

 

It's to everyone in the company.

 

Even better! Well done, JRC.

 

Mr. Transparency hasn't written anything yet.

http://jxpaton.wordpress.com/

 

In other words, the employees are fucked. Again.

Not that they can afford to, but wouldn't it be great if they all just walked out, maybe a couple of days before the acquisition? What could JRC do? Nothing, they fired them all.

"Sorry, you fired us!"