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Journal Register to sell two New England newspapers.

The Philadelphia Inquirer (Philadelphia, PA)

| December 01, 2006 | COPYRIGHT 2007 The Philadelphia Inquirer. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Dec. 1--Journal Register Co. of Yardley said today it had agreed to sell two of its New England community newspapers to Gatehouse Media for about $70 million in cash.

The newspapers are The Herald News in Fall River, Mass., and the Taunton Daily Gazette in Taunton, Mass. The deal, which is expected to close this month, will include five non-daily publications.

Journal Register said it expects to record a pre-tax gain on the sale of approximately $46 million. The after-tax cash proceeds are expected to be approximately $50 million and will be used primarily…

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Source: HighBeam Research, Journal Register to sell two New England newspapers.

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