Journal Register Approved to Sell Assets in Bankruptcy Court

Journal Register Co., a newspaper publisher in bankruptcy for a second time, won court approval to sell its assets to an affiliate of its current owner in exchange for $114 million in secured debt and about $6 million in cash.

U.S. Bankruptcy Judge Stuart Bernstein in New York today overruled a union, part of the Communications Workers of America, that had objected the deal with the buyer, 21st CMH Acquisition Corp.