21st Century Media: Difference between revisions
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{{otherusesof|JRC}} |
{{otherusesof|JRC}} |
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The '''Journal Register Company''' {{nyse|JRC}} is an [[United States|American]] media company, specializing in [[newspaper]] [[publishing]]. The company owns 22 daily and 310 non-daily newspapers and other publications |
The '''Journal Register Company''' {{nyse|JRC}} is an [[United States|American]] media company, specializing in [[newspaper]] [[publishing]]. The company owns 22 daily and 310 non-daily newspapers and other publications. In [[2006]], the company moved its headquarters to [[Yardley, Pennsylvania]] from [[Trenton, New Jersey]]. |
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According to [http://finance.yahoo.com/q?d=t&s=JRC Yahoo! finance], JRC's stock price fell to $0. |
According to [http://finance.yahoo.com/q?d=t&s=JRC Yahoo! finance], JRC's stock price fell to $0.16 as of [[7 Apr]] [[2008]], from its 52-week high of $8.60, and as a result, according to the company's web site, has been given notice by the [[New York Stock Exchange]] (NYSE) that the stock will be delisted by the exchange prior to the start of trading on April 16. The company is led by chairman and CEO James W. Hall, who succeeded Robert M. Jelenic on [[November 1]], [[2007]]. Hall had been appointed interim CEO [[June 8]] when Jelenic took a medical leave of absence to undergo cancer surgery.<ref>[http://www.editorandpublisher.com/eandp/news/article_display.jsp?vnu_content_id=1003596607 "Jelenic, Journal Register Chief, Takes Leave for Cancer Surgery"] [[Editor & Publisher]], [[8 June]] [[2007]]</ref><ref>[http://www.journalregister.com/press/10122007.htm "Jelenic, Journal Register Company Chairman and Chief Executive Officer, to Step Down on November 1, 2007"] Press release issued [[12 October]] [[2007]]</ref> In 2007, the company was carrying $646 million in debt,<ref>[http://www.247wallst.com/2007/07/could-journal-r.html "Could Journal Register (JRC) Miss Its Debt Service?"] [http://247wallstreet.blogspot.com 24/7 Wall Street], [[20 July]] [[2007]]</ref> 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<ref>[http://247wallst.blogspot.com/2006/09/ten-worst-managed-companies-in-america_22.html "The Ten Worst Managed Companies In America: Conexant And Journal Register"] [http://247wallstreet.blogspot.com 24/7 Wall Street] [[22 September]] [[2006]]</ref> |
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== Properties == |
== Properties == |
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{{further|[[List of newspapers published by Journal Register Company]]}} |
{{further|[[List of newspapers published by Journal Register Company]]}} |
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The company owns daily and [[weekly newspaper]]s, other print media properties and newspaper-affiliated local |
The company owns daily and [[weekly newspaper]]s, other print media properties and newspaper-affiliated local Web sites in the [[United States|U.S.]] states of [[Connecticut]], [[Michigan]], [[New York]], [[Ohio]], [[Pennsylvania]] and [[New Jersey]]. |
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JRC's flagship [[daily newspaper]] is the ''New Haven Register''. Its ten largest daily newspapers (approximate daily circulation over 20,000) are: |
JRC's flagship [[daily newspaper]] is the ''New Haven Register''. Its ten largest daily newspapers (approximate daily circulation over 20,000) are: |
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* ''[[Delaware County Daily and Sunday Times]]'' of [[Upper Darby Township, Pennsylvania]] (43,520) |
* ''[[Delaware County Daily and Sunday Times]]'' of [[Upper Darby Township, Pennsylvania]] (43,520) |
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* ''The Macomb Daily'' of [[Mount Clemens, Michigan]] (42,045) |
* ''The Macomb Daily'' of [[Mount Clemens, Michigan]] (42,045) |
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* ''[[Trentonian|The Trentonian]]'' of [[Trenton, New Jersey]] ( |
* ''[[Trentonian|The Trentonian]]'' of [[Trenton, New Jersey]] (Sunday: 26,500) |
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* ''[[The News-Herald (Ohio)]]'' of [[Willoughby, Ohio]] (39,453) |
* ''[[The News-Herald (Ohio)]]'' of [[Willoughby, Ohio]] (39,453) |
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* ''[[The Daily Local News]]'' of [[West Chester, Pennsylvania]] (27,087) |
* ''[[The Daily Local News]]'' of [[West Chester, Pennsylvania]] (27,087) |
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In early [[2007]], JRC completed the sales of its former [[Massachusetts]] and [[Rhode Island]] newspapers to [[GateHouse Media]] and [[RISN Operations]], respectively. |
In early [[2007]], JRC completed the sales of its former [[Massachusetts]] and [[Rhode Island]] newspapers to [[GateHouse Media]] and [[RISN Operations]], respectively. |
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In early [[2008]], the New York Stock Exchange announced the is was planning to suspend trading of JRC's common stock. The stock had been below $1.05 for 30 consecutive days, at one point falling to an all-time low of 16 cents. |
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==External links== |
==External links== |
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*[http://www.journalregister.com/ Journal Register Company corporate |
*[http://www.journalregister.com/ Journal Register Company corporate web site] |
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*[http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_J/forumview?bn=10106 Yahoo! JRC messageboard] |
*[http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_J/forumview?bn=10106 Yahoo! JRC messageboard] |
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*[http://jrcbites.blogspot.com/ JRC: Behind the scenes web site] |
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==References== |
==References== |
Revision as of 18:21, 14 April 2008
The Journal Register Company NYSE: JRC is an American media company, specializing in newspaper publishing. The company owns 22 daily and 310 non-daily newspapers and other publications. In 2006, the company moved its headquarters to Yardley, Pennsylvania from Trenton, New Jersey.
According to Yahoo! finance, JRC's stock price fell to $0.16 as of 7 Apr 2008, from its 52-week high of $8.60, and as a result, according to the company's web site, has been given notice by the New York Stock Exchange (NYSE) that the stock will be delisted by the exchange prior to the start of trading on April 16. The company is led by chairman and CEO James W. Hall, who succeeded Robert M. Jelenic on November 1, 2007. Hall had been appointed interim CEO June 8 when Jelenic took a medical leave of absence to undergo cancer surgery.[1][2] In 2007, the company was carrying $646 million in debt,[3] 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[4]
Properties
The company owns daily and weekly newspapers, other print media properties and newspaper-affiliated local Web sites in the U.S. states of Connecticut, Michigan, New York, Ohio, Pennsylvania and New Jersey.
JRC's flagship daily newspaper is the New Haven Register. Its ten largest daily newspapers (approximate daily circulation over 20,000) are:
- New Haven Register of New Haven, Connecticut (76,664)
- The Oakland Press of Pontiac, Michigan (63,174)
- Delaware County Daily and Sunday Times of Upper Darby Township, Pennsylvania (43,520)
- The Macomb Daily of Mount Clemens, Michigan (42,045)
- The Trentonian of Trenton, New Jersey (Sunday: 26,500)
- The News-Herald (Ohio) of Willoughby, Ohio (39,453)
- The Daily Local News of West Chester, Pennsylvania (27,087)
- The Morning Journal of Lorain, Ohio (26,777)
- The Mercury (Pennsylvania) of Pottstown, Pennsylvania (21,080)
- Daily Freeman of Kingston, New York (18,492)
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.
In early 2008, the New York Stock Exchange announced the is was planning to suspend trading of JRC's common stock. The stock had been below $1.05 for 30 consecutive days, at one point falling to an all-time low of 16 cents.
External links
References
- ^ "Jelenic, Journal Register Chief, Takes Leave for Cancer Surgery" Editor & Publisher, 8 June 2007
- ^ "Jelenic, Journal Register Company Chairman and Chief Executive Officer, to Step Down on November 1, 2007" Press release issued 12 October 2007
- ^ "Could Journal Register (JRC) Miss Its Debt Service?" 24/7 Wall Street, 20 July 2007
- ^ "The Ten Worst Managed Companies In America: Conexant And Journal Register" 24/7 Wall Street 22 September 2006