Journal Register Company Acquires Suburban Lifestyles Community Newspaper Group.TRENTON, N.J. -- Journal Register Company (NYSE NYSE See: New York Stock Exchange :JRC JRC abbr. Junior Red Cross ) Chairman and Chief Executive Officer Robert M. Jelenic announced today the Company's acquisition of the Suburban Lifestyles Community Newspaper group, based in Rochester Hills, Michigan Rochester Hills is a city in Oakland County of the U.S. state of Michigan. As of the 2000 census, the city had a total population of 68,825. The City of Rochester in bounded on the north, south, and west by Rochester Hills. Rochester College is located in Rochester Hills. . Eight editions of the Suburban Lifestyles Community Newspaper group are distributed to approximately 170,000 homes and businesses each week in the upscale Oakland County communities of Rochester, Rochester Hills, Troy, Oakland Township Oakland Township may refer to:
A city of southeast Michigan, an industrial suburb of Detroit. Population: 81,400. and Novi, and the fast growing Macomb County communities of Romeo, Shelby Township and Washington Township Washington Township may refer to a number of townships in the United States, listed here by state (with the number of "Washington Townships" in each state in parentheses):
The Suburban Lifestyles Community Newspaper group traces its history to 1993, when it was launched in Rochester, Michigan Rochester is a suburb of Detroit, Michigan in Oakland County in the U.S. state of Michigan. The population was 10,467 at the 2000 census. The City of Rochester is bordered on the north, south, and west by the City of Rochester Hills. . The Suburban Lifestyles Community Newspaper group focuses on the local news and information in each of its communities. "We are very pleased to welcome the Suburban Lifestyles Community Newspaper group to our Michigan and Metro-Detroit area group of publications," said Jelenic. "Anjali Nanda and her staff have developed the Suburban Lifestyles newspapers into a fine group of community newspapers that are distributed in many of the affluent and growing neighborhoods of Oakland and Macomb Counties. We look forward to continuing to build on their historical successes." Anjali Nanda, President of the Suburban Lifestyles Community Newspaper group, commented, "We are pleased to join the Journal Register Company's family of Michigan cluster publications. We look forward to expanding the opportunities available to our employees as part of a larger and very successful organization. Journal Register Company's expertise and synergy will only add to the great product that the Suburban Lifestyles Community Newspaper group has developed and we are confident that, together, we will provide our advertisers greater options coupled with the same great customer service they have become accustomed to. We will continue providing high quality local community news that our readers anticipate receiving in their mailboxes and we plan to continue our long relationship with our vendors. We are confident that the changes we carry out will be for the benefit of the various stakeholders. The Suburban Lifestyles Community Newspaper group is a very important part of our lives and we look forward to participating in this new phase of its growth strategy." The Suburban Lifestyles Community Newspaper group had revenues of approximately $2.2 million dollars in 2005. The terms of the transaction were not disclosed. The Suburban Lifestyles Community Newspaper group will be incorporated into Journal Register's Michigan cluster, which includes four daily newspapers in Michigan
Journal Register Company is a leading U.S. newspaper publishing company. Journal Register Company owns 27 daily newspapers, including the New Haven Register The New Haven Register is a daily newspaper published in New Haven, Connecticut. It is the second largest newspaper in Connecticut, behind The Hartford Courant. It is owned by the Journal Register Company in Yardley, Pennsylvania. , Connecticut's second largest daily and Sunday newspaper, and 354 non-daily publications. Journal Register Company currently operates 218 individual Web sites that are affiliated with the Company's daily newspapers, non-daily publications and its recently acquired network of employment Web sites. These Web sites can be accessed at www.journalregister.com. All of the Company's operations are strategically clustered in seven geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; New England; and the Capital-Saratoga and Mid-Hudson regions of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . The Company owns JobsInTheUS, a network of six premier employment Web sites in New England and has an investment in PowerOne Media, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a leading provider of online solutions for newspapers, hosting the largest online newspaper network in the U.S. This release contains forward-looking information about Journal Register Company that is intended to be covered by the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for forward-looking statements provided by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology, and include discussions of strategy, financial projections and estimates and their underlying assumptions, and statements about the future performance, operations, products and services of the Company. These forward-looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the success of the Company's acquisition strategy, dispositions, the ability of the Company to achieve cost reductions and integrate acquisitions, competitive pressures, general or regional economic conditions and advertising trends, the unavailability or a material increase in the price of newsprint and increases in interest rates. These and additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise. |
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