A2: Media

The Associated Press reports that the hedge fund Alden Global Capital has purchased Pennsylvania-based Journal Register Co., a newspaper chain that owns several weekly papers in Washtenaw County, including the Ann Arbor Journal and Ypsilanti Courier. In the Wall Street Journal’s Deal Journal blog, Shira Ovide writes: “According to people who have spoken with Alden, the firm believes the newspaper industry is viable if newspaper chains can be combined into bigger powerhouses.” [Source]