What Future for the Main Line Times?
Main Line Times parent, the Journal Register Company, is planning to emerge from bankruptcy on April 17 by way of a sale for $120 million to an affiliated investment fund called 21st CMH Acquisition Co. WARN Act notices have gone out to all employees saying that they may be laid off on April 17. Whether or not they are rehired will be up to the new owner.
One can only fervently hope that our local paper, with its outstanding local staff including the incomparable Cheryl Allison, Rich Ilgenfritz, and Pete Bannan will be able to survive this latest assault.