Newspaper Roundup: Journal Register To Get Boot From Big Board; Sun-Times Memo; Media General Proxy

Unlike other companies that would scratch and claw to delay the inevitable by a few more months, troubled newspaper publisher Journal Register (NYSE: JRC) is going peacefully: the company has confirmed that it won’t appeal a NYSE delisting notice, and that effective tomorrow, it will no longer trade on the NYSE. The company was warned by the exchange earlier this month that its sub-$1.00 share price made it non-compliant, and that it had 10 days to come up with some sort of plan to turn things around. That news, coupled with an announcement a couple days later that it had hired an investment bank to explore strategic options, just sent the stock in the wrong direction. On the eve of its delisting, shares are trading at around $0.33.

So why is JRC teetering on worthlessness, despite the fact that it’s still a profitable enterprise? A burdensome debt load, brought on by an untimely acquisition, as Alan Mutter explains: “The company

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