New York hedge fund Alden Global Capital said Thursday that it has acquired the Journal Register Company, which owns and operates numerous Connecticut newspapers including the New Haven Register, Torrington Register Citizen, Middletown Press, and Connecticut Magazine.
Terms of the deal were not disclosed.
Alden’s acqusisiton of Journal Register Company  comes less than two years after JRC emerged from bankruptcy protection in August 2009.
The Journal Register Company also owns media organizations in nine other states.
“This is a great vote of confidence from Alden in our strategy and the work of our employees who I want to personally thank for their efforts during this turnaround. While we clearly have more work to do, our strategy is fast becoming a model for the future of journalism that can properly serve local communities and be economically self-sustaining and profitable,” said John Paton, Journal Register Company’s CEO. “With Alden’s support of our Digital First strategy we look forward to expanding our Company going forward.”
