Lorain, Willoughby newspapers will be sold April 17

217 employees at the Willoughby News-Herald and Lorain Morning Journal will be out of a job April 17, when New York hedge fund Alden Global Capital purchases the newspapers’ parent, the Journal Register Company, which is in its second bankruptcy protection filing in three years.

Layoffs will include two executives, 53 newsroom employees and 141 people in advertising, circulation or operations.

Alden Global Capital will decide which employees to re-hire. The Alden affiliate, a company called 21st CMH Acquisition Co., was the sole bidder for Journal Register in a bankruptcy court auction that ended last week.

When Journal Register filed bankruptcy, the company said the combined daily circulation of its two Northeast Ohio newspapers was 54,355 daily, 58,514 Sunday.

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