Sunday, April 20, 2008

More bad news for Oakland Press, Journal Register Co.

Saw a link on another website posted by former colleague Sue C. who points out that many of us have friends at the Michigan publications owned by this company. The company has already decimated its ranks so it boggles the mind where they can go from here:

http://www.crainsdetroit.com/apps/pbcs.dll/article?AID=/20080416/REG/696167184/1069

Here's a teaser from the story:

Shares of Journal Register, which traded as high as $23.875 a decade ago, on Tuesday closed at 32 cents — cheaper than the newsstand price of a weekday paper.

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