Journal Register Co Files For Bankruptcy

For the second time the company that owns The Reporter and Times Herald newspapers, as well as several other suburban dailies and weeklies, has filed for bankruptcy.

The company cited a continued downturn in print advertising and the high cost of pensions and leases.

Journal Register has said it is turning itself into an internet-based media company, and it will publicly auction its assets in a process that could take 90 days.  It filed for bankruptcy the first time more than three years ago and emerged several months later.