Journal Register Company Announces Agreement to Sell The Telegraph in Alton, Illinois to Freedom Communications, Inc

Business Wire, July 31, 2000

Business Editors

TRENTON, N.J.--(BUSINESS WIRE)--July 31, 2000

Journal Register Company (NYSE: JRC) announced today that it has signed a letter of intent to sell The Telegraph, located in Alton, Illinois, to Freedom Communications, Inc. The Telegraph has daily circulation of 28,000. The terms of the transaction were not disclosed.

Journal Register Company announced its plans to sell its Ohio, Missouri and Illinois newspaper operations in February and recently announced its agreement to sell the Suburban Newspapers of Greater St. Louis to Pulitzer Inc. (NYSE: PTZ).

Freedom Communications, Inc., is a privately owned, diversified media company of daily and weekly newspapers, broadcast television stations, magazines and Internet businesses headquartered in Irvine, California. Freedom's flagship newspaper is The Orange County Register in Santa Ana, California.

Journal Register Company is a leading U.S. newspaper publishing company that owns 25 daily newspapers, including the New Haven Register, Connecticut's second largest daily and Sunday newspaper, and 200 non-daily publications. Journal Register Company currently operates 147 individual Web sites featuring the Company's daily newspapers and non-daily publications, which can be accessed at journalregister.com. The Company currently has equity investments in AdOne, LLC, a premier Internet-based classified advertising service, and PowerAdz.com, LLC, a leading Internet infrastructure provider for the newspaper industry.

This news release contains forward-looking statements that involve a number of risks and uncertainties, which could cause actual results to differ materially. Additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.