We’ve written a lot lately about tiny Journal Register Co , the newspaper publisher that’s exploring its options — another way of saying that its survival is on the line. Among them is getting its lenders to restructure its debt so it won’t have to declare default. Another, which would depend on that, is taking $25 million from an Ohio-based investment firm and selling off a bunch of its failing newspapers.
The New Haven Advocate, which publishes in the same town as Journal Register’s largest paper, the New Haven Register, is reporting information that seems about as reliable as reports of multiple gunmen at Dealey Plaza:
One of the options that we never considered, but apparently someone out there is pushing, is selling either some or all of the company to the New York Times Co. Here’s what the New Haven Advocate wrote:The financial free-fall and dwindling readership of the Journal Register Co. and its flagship Register are old news, but that doesn’t mean somebody doesn’t think they can turn the business around. JRC honchos won’t tell The Nose a thing, but a source inside the Reg hints that no less a monolith than The New York Times Co. may be a suitor.
Imagine! “The Neediest Cases” moving to The Hill. “Our Towns” spanning the entire length of the Metro-North commute. A shorter trip to work for New Haven?based NY Times Magazine writer Jack Hitt. Maureen Dowd duking it out with Joe Amarante over who gets to cover televised presidential debates. Yale’s Cross Campus appearing in the Times Crossword. Perhaps a “Journal Register Journal” feature, in keeping with “Taipei Journal” and other thrill spots.
I called the NYT and wrote an e-mail to Journal Register’s investor relations chief Gary Struening. Times spokeswoman Catherine Mathis declined to comment, and Struening, per the usual policy, let silence speak for the company.