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Re: Journal Register Company declares Bankruptcy
No, the Philadelphia Inquirer and the Daily News and philly.com (and some
other local publications) are owned by a private group of investors in the
Philadelphia area. The papers used to be owned by the Knight Ridder chain, which
sold its media holdings all over the country in early 2006, mostly to
McClatchy. The publisher insists nothing will change at the papers (at least at the
moment), and the Chapter 11 restructuring is aimed at the huge debt incurred
in buying the papers, not the day-to-day operations.
The New Haven-based Journal Register Co. owns a number of papers in the
Philly suburbs -- the same general circulation area -- so it's a double blow in
one weekend for this region.
Denise Cowie (former Inquirer staffer)
I don't know if the Philly Inquirer is owned by the Journal Register
Company...but many others are...
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