Alden Global Capital have continued to expand their media holdings by aquiring 100% of Journal Register Co., a company in which already a previous stakeholder. Although detailed information about the company's financial situation was not disclosed, the takeover effectively allows Journal Register a way to clear its debts.

Journal Register Co. brings local news to 19.5 million users each month via the medium of its 350 multi-platform products. It recently made waves with its groundbreaking Newsroom Cafe, which acted as a public space where employees and the public could mingle and also included a library which made 134 years worth of newspaper archives available to all.

The investment firm Alden Global Capital also owns MediaNews, Philadelphia Media Network and Tribune Co. and today Poynter has reported that Alden Global may also be competing to buy Sandiego Union-Tribune and Freedom Communications, 40% of which it supposedly already owns.

Sources: Poynter , News and Tech.com , Journal Register Co. , Newsroom Cafe, Next Level of News