DETROIT
02/22/2013 09:30 am ET | Updated Apr 24, 2013

Bankruptcy Court To Rule On Journal Register Sale; 844 Michigan Media Jobs In Peril

Michigan's battered print journalism industry is bracing for more potential job losses as the fate of the bankrupt owner of several newspapers awaits a court decision on its sale.

The U.S. Bankruptcy Court for the Southern District of New York is scheduled to decide this week on a deal for Yardley, Pa.-based Journal Register Co. to be sold to 21st CMH Acquisition Co., an affiliate of funds managed by JRC's current owner, New York City-based international hedge fund Alden Global Capital LLC.

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