21st Century Media

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21st Century Media
Former type Subsidiary of Digital First Media
Industry Media
Successor(s) Digital First Media
Founded 1959
Founder(s) Ralph Ingersoll and Mark Goodson
Defunct 2013 (2013)
Headquarters Yardley, Pennsylvania
Website www.journalregister.com

21st Century Media was an American media company, serving an audience of 21 million Americans in 992 communities. It is the successor of Ingersoll Publications[1] and Journal Register Company.[2]

The company operated more than 350 multi-platform products in 992 communities. On April 5, 2013, the assets of Journal Register Company and its affiliates were sold to 21st CMH Acquisition Co. The Journal Register Company then became known as 21st Century Media.[2]

The company was led by CEO John Paton who openly blogged about the changes he is making to transform Journal Register from a newspaper company to a "digital first, print last" company. Paton, formerly CEO of ImpreMedia, started on February 1, 2010 by announcing he would provide all reporters with Flip video cameras as a sign of his commitment to the company's digital transformation.

On March 17, 2010, the company named an advisory board composed of new media visionary Jeff Jarvis (author of "What Would Google Do" and BuzzMachine); Jay Rosen of New York University who is currently running the innovative Studio 20 program at NYU and who writes pressthink.org (Rosen is also a former member of Wikimedia Foundation's advisory board); and Emily Bell, the director of the Tow Center for Digital Journalism at Columbia University.

On March 11, 2010, the company named Bill Higginson, Journal Register's former Senior Vice President, Production, as the company's President and COO. On March 4, 2010, the company named Jeff Bairstow as chief financial officer. Bairstow joined Journal Register after working for Synarc Inc., a leading provider of medical imaging analysis, subject-recruitment and biochemical-marker services.

In 2013, MediaNews Group and 21st Century Media merged into Digital First Media.[3]

Properties[edit]

The company owned daily and weekly newspapers, other print media properties and newspaper-affiliated local Web sites in the U.S. states of Connecticut, Michigan, New York, Ohio, Pennsylvania and New Jersey. It also operated 3 commercial printing facilities.

21st Century Media's flagship daily newspaper was the New Haven Register. Its ten largest daily newspapers (approximate daily circulation over 20,000) were:

History[edit]

In 2004, JRC bought 21st Century Newspapers, gaining ownership of several daily newspapers in Greater Detroit.

In 2006, JRC bought the Web site JobsInTheUS.com. It is also a major shareholder in consulting company PowerOne Media. That same year, the company moved its headquarters to Yardley, Pennsylvania from Trenton, New Jersey.

In early 2007, JRC completed the sales of its former Massachusetts and Rhode Island newspapers to GateHouse Media and RISN Operations, respectively.

In early 2008, the New York Stock Exchange announced it was planning to suspend trading of JRC's common stock. The stock had been below $1.05 for 30 consecutive days, at one point falling to 16 cents, which was the all-time low at that time. The stock was delisted as of April 16.

On February 21, 2009, the company filed for Chapter 11 bankruptcy in the US Bankruptcy Court, located in Manhattan, New York, NY.

On August 12, 2009, JRC emerged from bankruptcy as a private company.

On September 5, 2012, Digital First Media, parent company of JRC, confirmed the group had again filed for bankruptcy protection.[4]

On April 5, 2013, the assets of Journal Register Company and its affiliates were sold to 21st CMH Acquisition Co., an affiliate of funds managed by Alden Global Capital. The Journal Register Company then became known as 21st Century Media and continued to be managed by Digital First Media.[2]

References[edit]

  1. ^ "UPDATE 3-Journal Register Co seeks bankruptcy protection". Reuters. 2009-02-21. Retrieved 2013-12-03. 
  2. ^ a b c "Digital First Media Announces Journal Register Company Sale Complete" (Press release). Digital First Media. April 5, 2013. Retrieved November 4, 2013. 
  3. ^ MediaNews Group and 21st Century Media Transaction Has Been Finalized
  4. ^ Hagey, Keach; Feintzeig, Rachel (September 6, 2012). "Journal Register in Chapter 11 Again". The Wall Street Journal. p. B3. 

Further reading[edit]

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