Journal Register granted exclusivity extension to await sale closing

By Caroline Salls

Pittsburgh, March 22 - Journal Register Co. received a second extension of its exclusive periods for filing and soliciting votes on a plan of reorganization, according to a Friday filing with the U.S. Bankruptcy Court for the Southern District of New York.

The company's exclusive filing period was extended through July 2 from April 3 and the solicitation period through Aug. 31 from June 2.

Since its asset sale has not yet been approved and the claims bar date has only recently passed, Journal Register said it believes filing a plan would be premature.

The company said it will determine the most efficient way to conclude its bankruptcy cases once the sale closes.

Journal Register, a New York-based media company, filed for bankruptcy on Sept. 5, 2012. Its Chapter 11 case number is 12-13774.

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