Newspaper Chain Hires Adviser as It Weighs Restructuring

In a magazine article seven years ago, the chief executive of the Journal Register Company, the publicly traded newspaper company, bragged about being such a skinflint that he checked the odometers in reporters’ vehicles to verify expense reports.

Even such penny-pinching was not enough to keep the company from facing a sprawling debt situation now and the possibility of being delisted from the New York Stock Exchange.