The sole bid of $122.15 million for the Journal Register Company, which is under federal Chapter 11 bankruptcy protection, came from 21st CMH Acquisition Co. The bidder is a subsidiary of Alden Global Capital LLC, the current owner of Journal Register Company. The U.S. Bankruptcy Court for the Southern District of New York approved the details of the auction for the sale of Journal Register Company in December. The court has a hearing scheduled Thursday at which time the court will decide whether to approve the CMH Acquisition bid. Journal Register Company filed for Chapter 11 bankruptcy in September. That filing was explained by John Paton in a Sept. 5, 2012, post on his public blog. Paton is CEO of Digital First Media, which operates Digital First Ventures, MediaNews Group and Journal Register Company.