Journal Register Company to Acquire Papers From the Goodson Newspaper Group

Posted on May 18, 1998

Journal Register Company President Robert M. Jelenic announced that Journal Register Company has reached an agreement to acquire the Goodson Newspaper Group's Pennsylvania, New York and Ohio newspapers for $300 million in cash. The acquisition includes five daily newspapers with 123,693 paid daily circulation and 107,686 paid Sunday circulation, and 20 non-daily publications with combined distribution of approximately 360,000.

"We are extremely pleased to announce that the Pennsylvania, New York and Ohio Goodson newspapers and their talented staffs will join Journal Register Company," said Jelenic. "We have long felt that these high quality, award-winning newspapers would be a superb addition to and an excellent fit with our current clusters, especially our suburban Philadelphia area cluster, where after the transaction is completed we will have combined daily circulation of more than 197,000 and non-daily distribution of more than 600,000. There are also considerable synergies with our New York and Ohio clusters. This purchase underscores our commitment to strengthening and expanding our existing clusters through strategic acquisitions."

Journal Register Company is a leading U.S. newspaper publishing company that currently owns 19 daily newspapers, including the New Haven Register, Connecticut's second largest daily and Sunday newspaper with 100,082 daily and 111,576 Sunday circulation, and 155 non-daily publications in nine states. Journal Register Company currently has total paid daily circulation of approximately 534,000 and non-daily distribution of approximately 3.1 million. The Company's operations are 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.