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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the quarterly period ended March 27, 2005

OR

[ ]  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the transition period from              to             

Commission File Number: 1-12955

Journal Register Company
(Exact Name of Registrant as Specified in its Charter)


Delaware 22-3498615
(State or Other Jurisdiction of
Incorporation or Organization)		 (I.R.S. Employer
Identification No.)
50 West State Street, Trenton, New Jersey 08608-1298
(Address of Principal Executive Offices) (Zip Code)

(609) 396-2200
(Registrant's Telephone Number, Including Area Code)

                                                                                                                                            
(Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes   [X]    No   [ ]

Indicate by check mark whether the registrant is an accelerated filer (as defined in Rule 12b-2 of the Exchange Act,    Yes   [X]    No   [ ]

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date: common stock, $.01 par value per share, 41,724,657 shares outstanding (exclusive of treasury shares) as of May 5, 2005.



JOURNAL REGISTER COMPANY
INDEX TO FORM 10-Q


PART I. FINANCIAL INFORMATION   Page No.  
Item 1.     Financial Statements (Unaudited):
  Condensed Consolidated Balance Sheets   1  
  Condensed Consolidated Statements of Income   2  
  Condensed Consolidated Statements of Cash Flows   3  
  Notes to Condensed Consolidated Financial Statements   4  
Item 2.    
    		 Management's Discussion and Analysis of Financial Condition and Results of Operations   13  
Item 3.     Quantitative and Qualitative Disclosures About Market Risk   22  
Item 4.     Controls and Procedures   23  
PART II. OTHER INFORMATION
Item 6.     Exhibits and Reports on Form 8-K   24  
Signature     25  


PART I. FINANCIAL INFORMATION

Item 1.    Financial Statements

JOURNAL REGISTER COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)


In thousands
Fiscal period ended		 March 27,
2005		 December 26,
2004
ASSETS:            
Current assets:            
Cash and cash equivalents $ 53   $ 51  
Accounts receivable, less allowance for doubtful accounts of $8,152 and $8,143, respectively   59,186     64,116  
Inventories   7,985     8,244  
Deferred income taxes   10,550     13,097  
Other current assets   8,732     8,526  
Total current assets   86,506     94,034  
Property, plant and equipment:            
Land   14,386     14,406  
Buildings and improvements   93,533     93,298  
Machinery and equipment   188,099     187,069  
Construction in progress   5,236     5,225  
Total property, plant and equipment   301,254     299,998  
Less accumulated depreciation   (146,218 )    (141,993 ) 
Net property, plant and equipment   155,036     158,005  
Intangible and other assets:            
Goodwill   770,964     772,683  
Other intangible assets, net of accumulated amortization of $9,375 and $8,417, respectively   154,407     155,365  
Fair market value of hedges   7,632     —  
Other assets   2,942     3,431  
Total assets $ 1,177,487   $ 1,183,518  
LIABILITIES AND STOCKHOLDERS' EQUITY:            
Current liabilities:            
Accounts payable $ 17,049   $ 18,513  
Accrued interest   4,240     4,051  
Deferred subscription revenue   15,123     14,810  
Accrued salaries and vacation   13,043     12,418  
Fair market value of hedges   —     44  
Other accrued expenses and current liabilities   21,876     27,048  
Total current liabilities   71,331     76,884  
Senior debt   761,700     778,300  
Capital lease obligations, net of current maturities   3,595     3,647  
Deferred income taxes   91,686     87,872  
Accrued retiree benefits and other liabilities   19,217     19,256  
Income taxes payable   17,218     17,239  
Commitments and contingencies            
Stockholders' equity:            
Common stock, $.01 par value per share, 300,000,000 shares authorized,
48,437,581 issued at March 27, 2005 and December 26, 2004		   484     484  
Additional paid-in capital   361,256     361,369  
Accumulated deficit   (43,414 )    (50,913 ) 
    318,326     310,940  
Less treasury stock
6,419,773 shares and 6,422,340 shares, respectively, at cost		   (94,683 )    (94,711 ) 
Accumulated other comprehensive loss, net of tax   (10,879 )    (15,395 ) 
Unearned compensation   (24 )    (514 ) 
Stockholders' equity   212,740     200,320  
Total liabilities and stockholders' equity $ 1,177,487   $ 1,183,518  

See accompanying notes.

1



JOURNAL REGISTER COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)


In thousands, except per share data Thirteen weeks ended
Fiscal period ended March 27, 2005 March 28, 2004
Revenues: