JRC Journal Register

Journal Register Company (NYSE:JRC) today presented at the 2007 Newspaper Association of America Mid-Year Media Review at the McGraw-Hill Building Auditorium in New York City. Senior Vice President and Chief Financial Officer Julie A. Beck, along with Senior Vice President of Operations Scott A. Wright and Vice President of Interactive Media Daryl Hively provided investors with an update on Journal Register Company's strategies and performance, and discussed the Company�s 2007 outlook. At the Conference, Ms. Beck reported on the progress of the Company�s short and long term initiatives and provided a full year update on certain revenue and expense items. She discussed Journal Register Company�s important cost saving and control initiatives, which are expected to reduce costs by approximately $11.0 million annually. �Same-store newspaper operations non-newsprint cash expenses were down 4.1 percent in the first quarter of 2007. The Company plans to consolidate certain of its production facilities which will improve our efficiency. Further, we expect to generate annual savings of approximately $6.0 million in our Michigan cluster,� she said. Ms. Beck noted that the Company is optimistic about the outlook in its Michigan cluster, recapping that the new 640,000 square foot Partridge Creek Mall, located only four miles from Journal Register�s new Macomb production facility, is attracting high-traffic vendors, such as Nordstrom�s, Apple Computers, Parisian, PF Chang�s, California Pizza Kitchen, and more. �We have signed an exclusive contract for advertising for the mall and for newspaper racks within the mall,� said Ms. Beck. Also speaking at the conference, Daryl Hively, Vice President of Interactive Media, reported that the Company�s online revenue growth is approximately 23 percent through the first five periods of 2007. He added that the online audience continues to grow with unique visitors to the Company�s Web sites averaging from 4.0 to 4.5 million per month. Mr. Hively reported that the Company�s newspaper consortium partnership with Yahoo! combined with its own new Web site initiative will continue to position its local Web sites as the premier sites for hyper-local news, information and advertising. The Company has fully implemented the first stage of its partnership with Yahoo! HotJobs in all 22 of its daily newspapers and is beginning to sell Yahoo! HotJobs in the Company�s weekly publications. The Company will also begin selling the full suite of Yahoo! HotJobs products in July. Mr. Hively provided an update on the Company�s new Web site initiative which has been implemented in the Greater Philadelphia cluster. The new online platform will be rolled out across the remainder of the Company�s clusters during 2007. The new Web site initiative incorporates streaming video, pod casting, expanded e-Commerce, Web and mobile services. The West Chester, Pennsylvania, Web site, dailylocal.com, was recently recognized by the Suburban Newspapers of America as a finalist for best community initiative, site design, and architecture. Reviewing the Company�s revenue assumptions for 2007, Ms. Beck indicated that the Company expects same-store advertising revenue to be down approximately four to five percent, while online revenues should grow by about 30 percent and circulation revenue should increase by approximately 0.5 percent. Non-newsprint cash operating expenses are expected to decline by approximately two to three percent and newsprint consumption, also on a same-store basis, is projected to be down five percent for the year. Ms. Beck added that the price of newsprint is lower by about six percent. The Company's presentation will be available through June 26, 2007 via a link on Journal Register Company's homepage, www.JournalRegister.com. About Journal Register Company Journal Register Company is a leading U.S. media company. Journal Register Company owns 22 daily newspapers and 345 non-daily publications. Journal Register Company currently operates 226 individual Web sites that are affiliated with the Company's daily newspapers, non-daily publications and its network of employment Web sites. These Web sites can be accessed at www.JournalRegister.com. All of the Company�s operations are strategically clustered in six geographic areas: Greater Philadelphia; Michigan; Connecticut; Greater Cleveland; and the Capital-Saratoga and Mid-Hudson regions of New York. The Company owns JobsInTheUS, a network of 19 premier employment Web sites. Safe-Harbor This release contains forward-looking information about Journal Register Company that is intended to be covered by the safe harbor for forward-looking statements provided by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts. These statements can be identified by the use of forward-looking terminology such as �believe,� �expect,� �may,� �will,� �should,� �project,� �plan,� �seek,� �intend,� or �anticipate� or the negative thereof or comparable terminology, and include discussions of strategy, financial projections and estimates and their underlying assumptions, the extent or timing of cost savings, charges, the extent of employees impacted, and statements about the future performance, operations, products and services of the Company. These forward-looking statements involve a number of risks and uncertainties, which could cause actual results to differ materially. These risks and uncertainties include, but are not limited to, the success of the Company's acquisition strategy, dispositions, the ability of the Company to achieve cost reductions and integrate acquisitions, competitive pressures including competition from non-newspaper forms of media , general or regional economic conditions and advertising trends, the unavailability or a material increase in the price of newsprint and increases in interest rates, changes in performance that affect financial covenant compliance or funds available for borrowing, technological changes, the adoption of new accounting standards or changes in accounting standards. These and additional risk factors are outlined in the Company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.