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Journal Register Co. files for bankruptcy - again

Discussion in 'Journalism topics only' started by WolvEagle, Sep 5, 2012.

  1. RickStain

    RickStain Well-Known Member

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

    WolvEagle Well-Known Member

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

    WolvEagle Well-Known Member

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

    WolvEagle Well-Known Member

    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.
     
  5. FileNotFound

    FileNotFound Well-Known Member

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

    WolvEagle Well-Known Member

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

    TheSportsPredictor Well-Known Member

    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
     
  9. It's to everyone in the company.
     
  10. TheSportsPredictor

    TheSportsPredictor Well-Known Member

    Even better! Well done, JRC.
     
  11. Songbird

    Songbird Well-Known Member

    Mr. Transparency hasn't written anything yet.

    http://jxpaton.wordpress.com/
     
  12. Baron Scicluna

    Baron Scicluna Well-Known Member

    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!"
     
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