Journal Register Company Completes Sale of The Telegraph in Alton, Illinois to Freedom Communications, Inc

Business Wire, Oct 24, 2000

Business Editors

TRENTON, N.J.--(BUSINESS WIRE)--Oct. 24, 2000

Journal Register Company's (NYSE: JRC) previously announced sale of The Telegraph, located in Alton, Illinois, to Freedom Communications, Inc. was completed today.

The terms of the transaction were not disclosed.

"We are confident that under Freedom Communications ownership, The Telegraph will continue to grow and to produce superior community journalism," stated Journal Register Company Chairman, President and CEO Robert M. Jelenic.

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 24 daily newspapers, including the New Haven Register, Connecticut's second largest daily and Sunday newspaper, and 151 non-daily publications. The Company currently operates 104 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.