Record and Saratogian parent company sold

Journal Register, the company that owns the Troy Record and the Saratogian, has been bought by a hedge fund called Alden Global Capital. The head of JRC says the fund is "putting their money behind" the media company's push to become a "digital first" org. Alden has bought stakes in a string of distressed media properties over the last few years (they've had a lot of choices). JRC got out of bankruptcy in 2009. [JRC] [John Paton] [Nieman Lab]

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Recent Comments

To all the people complaining about it being boring or ugly, I am sure that if the owners had designed something more architecturally grand, everyone would be complaining about the price tag. Of course it is all about the cost. There comes a point where the cost becomes prohibitive, so this is what you get these days for what you are willing or able to pay. ...

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