Journal Register Company Completes Acquisition

Posted on December 23, 1997

Journal Register Company announced that it has completed its acquisition of the InterCounty Newspaper Group from AUS, Inc., Mt. Laurel, NJ. The InterCounty Newspaper Group includes 17 weekly newspapers in suburban Philadelphia and central and southern New Jersey with total weekly distribution of approximately 100,000. Included in the acquisition are Nittany Valley Offset, a premium quality sheet-fed printing company in State College, PA, and InterPrint, Inc., a commercial printing company in Bristol, PA, which prints the newspapers.

This is the second acquisition Journal Register Company has completed in ten days, and it is expected that a third acquisition will be completed by year-end. On December 12 the Company acquired Ladue News, Ladue, MO, a 44-times-per-year newspaper serving the affluent suburbs west of St. Louis. The Company announced November 19 the signing of a letter of intent to acquire HVM, LLC, New Milford, CT, which includes eight weekly newspapers, two shoppers and three monthly magazines. The HVM acquisition is expected to close by year-end.

The InterCounty acquisition increases Journal Register Company's non-daily publications in Philadelphia and its surrounding areas to 28 with combined distribution of 264,050.