Journal Register Company Completes Acquisition of The Saratogian

Posted on March 10, 1998

Journal Register Company announced the completion of its acquisition of The Saratogian, Saratoga Springs, NY, and a weekly newspaper, the Community News, serving Clifton Park, NY, from the Gannett Foundation, Arlington, VA. The Saratogian, founded in 1855, has 11,831 daily and 13,822 Sunday circulation, as reported in the September 30, 1997 ABC Fas-Fax. Community News has weekly distribution of approximately 26,000.

The announcement was made by Journal Register Company Chairman, President and Chief Executive Officer Robert M. Jelenic. "We are extremely pleased to welcome the strong traditions of The Saratogian and its employees to Journal Register Company," Jelenic said. "Together with our existing paper in Troy, New York, The Record, this acquisition creates our sixth cluster, and we anticipate considerable synergies within this new cluster." The Record has 25,531 daily and 28,645 Sunday circulation.

The Saratogian is Journal Register Company's fourth acquisition since December 12, 1997. In December 1997 and January 1998, the Company acquired the InterCounty Newspaper Group, Bristol, PA; the HVM group, New Milford and Westport, CT, operating as Housatonic Valley Publications and Minuteman Newspapers, respectively; and the Ladue News, Ladue, MO, a weekly newspaper in the greater St. Louis area. Each of these acquisitions is located in one of Journal Register Company's existing clusters, providing exceptional operational efficiencies.

Journal Register Company is a leading U.S. newspaper publishing company that owns, including The Saratogian and Community News, 19 daily newspapers and 155 non-daily publications. Journal Register Company has total paid daily circulation of more than 544,000 and non-daily distribution of approximately 3.1 million. The Company's operations are now clustered in six geographic areas: Connecticut, Ohio, Philadelphia and its surrounding areas, the greater St. Louis area, central New England, and the Capital-Saratoga, NY Region.