Journal Register Company Acquires the Montgomery Newspaper Group

Posted on June 8, 2001

The Journal Register Company has acquired the Montgomery Newspaper Group, which is based in Fort Washington, Pennsylvania, and includes 24 non-daily suburban Philadelphia publications, from Metroweek Corp. The acquisition includes Main Line Life, and fifteen other weekly newspapers that serve Montgomery, Chester, Bucks and Delaware counties, with total distribution of approximately 95,000; three general lifestyle magazines, Bucks County Town & Country Living, Chester County Town & Country Living and Montgomery County Town & Country Living, with total distribution of 57,000; and five specialty publications, including Philadelphia Golfer and New Jersey Golf News, that serve Pennsylvania, New Jersey and Delaware with total distribution of approximately 188,000.

Metroweek Corp. is a privately held company. The terms of the transaction were not disclosed. Montgomery Newspapers reported total revenues of approximately $18 million for fiscal year 2000.

``I am extremely pleased to announce that these publications and their talented staffs have joined Journal Register Company,'' said CEO Robert M. Jelenic. ``We have long felt that these high quality, award-winning community newspapers would be an excellent addition to our Greater Philadelphia Cluster, which now has combined daily circulation of more than 173,000 and non-daily distribution of nearly 1.1 million. The Montgomery Newspaper Group is a terrific complement to our Suburban Philadelphia Newspapers Network, and allows for considerable synergies and efficiencies.''

Journal Register Company's Greater Philadelphia Cluster consists of six daily newspapers with total paid daily distribution of approximately 173,000 and 88 non-daily publications with total distribution of approximately 1,058,000. Journal Register Company is a U.S. newspaper publishing company that currently owns 22 daily newspapers, including the New Haven Register, Connecticut's second largest daily and Sunday newspaper, and 195 non-daily publications.