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Journal Register to sell 2 Mass. dailies :
From a US Business Journal, Mid-Atlantic north
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Relevant excerpts:
Journal Register Co. said Friday that it will sell two daily and five nondaily New England newspapers for $70 million. Journal Register (NYSE:JRC) of Yardley, Pa., saidof Fairport, N.Y., is buying the papers, including dailies The Herald News of Fall River, Mass., and the Taunton Daily Gazette of Taunton, Mass. The company said the deal should close by the end of the year and would lead to after-tax proceeds of $50 million that would be used to pay down debt.
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