WARBURG PINCUS CAPITAL CO LP
SC 13G, 1998-02-09
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                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                  ------------

                                  SCHEDULE 13G
                                 (Rule 13d-102)

                 INFORMATION TO BE INCLUDED IN STATEMENTS FILED
            PURSUANT TO RULES 13d-1(b) AND (c) AND AMENDMENTS THERETO
                           FILED PURSUANT TO 13d-2(b)

                          (AMENDMENT NO. ___________)*


                            Journal Register Company
- --------------------------------------------------------------------------------
                                (Name of Issuer)

                          Common Stock, par value $0.01
- --------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   481138 10 5
- --------------------------------------------------------------------------------
                                 (CUSIP Number)




                             ---------------------








                  *The  remainder  of this  cover page shall be filled out for a
reporting person's initial filing on this form with respect to the subject class
of securities,  and for any subsequent  amendment  containing  information which
would alter the disclosures provided in a prior cover page.

                  The  information  required in the remainder of this cover page
shall  not be  deemed  to be  "filed"  for  the  purpose  of  Section  18 of the
Securities  Exchange  Act of  1934  (the  "Act")  or  otherwise  subject  to the
liabilities  of that  section  of the Act but  shall  be  subject  to all  other
provisions of the Act (however, SEE the NOTES).


<PAGE>

CUSIP NO. 481138 10 5              13G                 PAGE 2 OF 12 PAGES


- --------------------------------------------------------------------------------
1         NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          Warburg, Pincus Investors, L.P.

- --------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a)  [   ]
                                                                    (b)  [ X ]


- --------------------------------------------------------------------------------
3         SEC USE ONLY


- --------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          Delaware
- --------------------------------------------------------------------------------
                            5        SOLE VOTING POWER
       NUMBER OF
        SHARES                       12,086,349
      BENEFICIALLY
     OWNED BY EACH
       REPORTING
      PERSON WITH       --------------------------------------------------------
                            6        SHARED VOTING POWER

                                     -0-
                        --------------------------------------------------------
                            7        SOLE DISPOSITIVE POWER

                                     12,086,349
                        --------------------------------------------------------
                            8        SHARED DISPOSITIVE POWER

                                     -0-
- --------------------------------------------------------------------------------
9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          12,086,349
- --------------------------------------------------------------------------------
10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
          CERTAIN SHARES*
                                                                           [   ]
- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             25.0%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON*

          PN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>

CUSIP NO. 481138 10 5              13G                 PAGE 3 OF 12 PAGES

- --------------------------------------------------------------------------------
1         NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          Warburg, Pincus & Co.

- --------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a)  [   ]
                                                                    (b)  [ X ]

- --------------------------------------------------------------------------------
3         SEC USE ONLY

- --------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          New York
- --------------------------------------------------------------------------------
                       5         SOLE VOTING POWER
    NUMBER OF   
     SHARES
  BENEFICIALLY
    OWNED BY                     -0-
     EACH
   REPORTING
  PERSON WITH
                       ---------------------------------------------------------
                       6         SHARED VOTING POWER

                                 36,457,927
                       ---------------------------------------------------------
                       7         SOLE DISPOSITIVE POWER

                                 -0-
                       ---------------------------------------------------------
                       8         SHARED DISPOSITIVE POWER

                                 36,457,927
- --------------------------------------------------------------------------------
9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          36,457,927
- --------------------------------------------------------------------------------
10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
          CERTAIN SHARES*
                                                                           [   ]
- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             75.3%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON*

          PN
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>

CUSIP NO. 481138 10 5              13G                 PAGE 4 OF 12 PAGES

- --------------------------------------------------------------------------------
1         NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          E.M. Warburg, Pincus & Co., LLC

- --------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a)  [   ]
                                                                    (b)  [ X ]

- --------------------------------------------------------------------------------
3         SEC USE ONLY

- --------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          New York
- --------------------------------------------------------------------------------
                      5       SOLE VOTING POWER
    NUMBER OF
     SHARES                   -0-
   BENEFICIALLY
    OWNED BY
     EACH
   REPORTING
  PERSON WITH
                      ----------------------------------------------------------
                      6       SHARED VOTING POWER

                              36,457,927
                      ----------------------------------------------------------
                      7       SOLE DISPOSITIVE POWER

                              -0-
                      ----------------------------------------------------------
                      8       SHARED DISPOSITIVE POWER

                              36,457,927
- --------------------------------------------------------------------------------
9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          36,457,927
- --------------------------------------------------------------------------------
10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
          CERTAIN SHARES*

                                                                           [   ]
- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             75.3%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON*


          00
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!




<PAGE>

CUSIP NO. 481138 10 5              13G                 PAGE 5 OF 12 PAGES

- --------------------------------------------------------------------------------
1         NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          Warburg, Pincus Capital Company,  L.P.

- --------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a)  [   ]
                                                                    (b)  [ X ]

- --------------------------------------------------------------------------------
3         SEC USE ONLY


- --------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          Delaware
- --------------------------------------------------------------------------------
                      5       SOLE VOTING POWER
   NUMBER OF SHARES
     BENEFICIALLY             24,248,774
     OWNED BY EACH
      REPORTING
     PERSON WITH
                      ----------------------------------------------------------
                      6       SHARED VOTING POWER

                              -0-
                      ----------------------------------------------------------
                      7       SOLE DISPOSITIVE POWER

                              24,248,774
                      ----------------------------------------------------------
                      8       SHARED DISPOSITIVE POWER

                              -0-
- --------------------------------------------------------------------------------
9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          24,248,774
- --------------------------------------------------------------------------------
10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
          CERTAIN SHARES*

                                                                           [   ]
- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             50.1%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON*


          PN
- --------------------------------------------------------------------------------

                     *SEE INSTRUCTIONS BEFORE FILLING OUT!

<PAGE>


CUSIP NO. 481138 10 5              13G                 PAGE 6 OF 12 PAGES

- --------------------------------------------------------------------------------
1         NAMES OF REPORTING PERSONS
          I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)

          Warburg, Pincus Capital Partners Liquidating Trust

- --------------------------------------------------------------------------------
2         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*         (a)  [   ]
                                                                    (b)  [ X ]

- --------------------------------------------------------------------------------
3         SEC USE ONLY


- --------------------------------------------------------------------------------
4         CITIZENSHIP OR PLACE OF ORGANIZATION

          New York
- --------------------------------------------------------------------------------
                       5      SOLE VOTING POWER
  NUMBER OF SHARES
    BENEFICIALLY              122,804
    OWNED BY EACH
      REPORTING
     PERSON WITH
                       ---------------------------------------------------------
                       6      SHARED VOTING POWER

                              -0-
                       ---------------------------------------------------------
                       7      SOLE DISPOSITIVE POWER

                              122,804
                       ---------------------------------------------------------
                       8      SHARED DISPOSITIVE POWER

                              -0-
- --------------------------------------------------------------------------------
9         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

          122,804
- --------------------------------------------------------------------------------
10        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
          CERTAIN SHARES*

                                                                           [   ]
- --------------------------------------------------------------------------------
11        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9

             0.2%
- --------------------------------------------------------------------------------
12        TYPE OF REPORTING PERSON*

          00
- --------------------------------------------------------------------------------

                      *SEE INSTRUCTIONS BEFORE FILLING OUT!



<PAGE>

CUSIP NO. 481138 10 5              13G                 PAGE 7 OF 12 PAGES


ITEM 1(a).        NAME OF ISSUER:
                  --------------

                  Journal   Register   Company,  a  Delaware   corporation  (the
                  "Issuer").

ITEM 1(b).        ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
                  -----------------------------------------------

                  State Street Square
                  50 West State Street
                  Trenton, New Jersey 08608-1298

ITEMS 2(a)
 AND 2(b).        NAME OF PERSON FILING; ADDRESS OF PRINCIPAL BUSINESS OFFICE:
                  -----------------------------------------------------------

                  This  statement  is filed  by and on  behalf  of (a)  Warburg,
                  Pincus  Investors,   L.P.,  a  Delaware  limited   partnership
                  ("Investors");  (b) Warburg,  Pincus & Co., a New York general
                  partnership  ("WP");  (c)  Warburg,  Pincus  Capital  Partners
                  Liquidating  Trust,  a New York trust  ("WPLT");  (d) Warburg,
                  Pincus Capital Company,  L.P., a Delaware limited  partnership
                  ("WPCC"); and (e) E.M. Warburg,  Pincus & Co., LLC, a New York
                  limited  liability  company  ("EMWP").  WP,  the sole  general
                  partner  of WPCC  and  Investors,  has a 20%  interest  in the
                  profits of WPCC and Investors,  as the general partner. Lionel
                  I. Pincus is the  managing  partner of WP, the Chairman of the
                  Board, Chief Executive Officer and managing member of EMWP and
                  the  managing  partner  of  Pincus & Co.,  a New York  limited
                  partnership,  whose  primary  activity  is  the  ownership  of
                  interests   in  WP  and  EMWP.   The   members   of  EMWP  are
                  substantially the same as the partners of WP.

                  The  principal  business  of WPLT  is to  manage  the  orderly
                  liquidation  of the assets  formerly  held by Warburg,  Pincus
                  Capital  Partners,   L.P.,  a  Delaware  limited   partnership
                  ("WPCP"),  that was formerly engaged in making venture capital
                  and   related   investments,   whose   partnership   agreement
                  terminated on September 30, 1997.  Prior to termination of the
                  partnership  agreement,   WPCP  distributed  an  aggregate  of
                  122,804 shares of the Issuer's  common stock,  $0.01 par value
                  (the "Common Stock"), to WPLT. The trustees of WPLT are Lionel
                  I. Pincus,  John L.  Vogelstein and Stephen  Distler.  Each of
                  Messrs.  Pincus,  Vogelstein and Distler disclaims  beneficial
                  ownership of any shares  owned by WPLT.  Mr.  Vogelstein  is a
                  general partner of WP and the Vice Chairman of the Board and a
                  member of EMWP and Mr. Distler is a general  partner of WP and
                  the treasurer, a managing director and a member of EMWP.

                  The business address of each of Investors,  WP, WPLT, WPCC and
                  EMWP is 466 Lexington Avenue, New York, New York 10017.

ITEM 2(c).        CITIZENSHIP:
                  -----------

                  Not Applicable.

ITEM 2(d).        TITLE OF CLASS OF SECURITIES:
                  ----------------------------

                  This statement relates to shares of the Issuer's Common Stock.

ITEM 2(e).        CUSIP NUMBER:
                  ------------

                  481138 10 5

ITEM 3.           NOT APPLICABLE.


<PAGE>


CUSIP NO. 481138 10 5              13G                 PAGE 8 OF 12 PAGES


ITEM 4.           OWNERSHIP:
                  ---------

                  (a)   AMOUNT BENEFICIALLY OWNED:
                        -------------------------

                         (i)  Each of WP and EMWP beneficially  owns  36,457,927
                              shares of Common Stock.
                         (ii) Investors beneficially owns 12,086,349  shares  of
                              Common Stock.
                         (iii)WPCC   beneficially   owns  24,248,774   shares of
                              Common Stock.
                         (iv) WPLT beneficially  owns  122,804 shares of  Common
                              Stock.

                  (b)   PERCENT OF CLASS:
                        ----------------

                          (i)   Investors  -- 25.0%
                          (ii)  WP -- 75.3%
                          (iii) EMWP -- 75.3%
                          (iv)  WPCC -- 50.1%
                          (v)   WPLT -- 0.2%

                  (c)      (i)     Sole power to direct the vote

                                    Investors -- 12,086,349
                                    WP -- 0
                                    EMWP -- 0
                                    WPCC -- 24,248,774
                                    WPLT -- 122,804

                          (ii)    Shared power to vote or direct the vote

                                    Investors -- 0
                                    WP -- 36,457,927
                                    EMWP - 36,457,927
                                    WPCC -- 0
                                    WPLT--- 0

                           (iii)   Sole  power  to  dispose  or  to  direct  the
                                   disposition

                                    Investors -- 12,086,349
                                    WP -- 0
                                    EMWP -- 0
                                    WPCC --    24,248,774
                                    WPLT -- 122,804

                          (iv)    Shared  power  to   dispose  or  direct    the
                                  disposition

                                    Investors  --  0
                                    WP  --  36,457,927
                                    EMWP  -- 36,457,927
                                    WPCC -- 0
                                    WPLT -- 0


ITEM 5.           OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
                  --------------------------------------------

                  Not Applicable.

ITEM 6.           OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
                  ANOTHER PERSON:
                  ------------------------------------------------

                  Not Applicable.
<PAGE>


CUSIP NO. 481138 10 5              13G                 PAGE 9 OF 12 PAGES



ITEM 7.           IDENTIFICATION  AND  CLASSIFICATION  OF  THE
                  SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
                  REPORTED ON BY THE PARENT HOLDING COMPANY:
                  --------------------------------------------

                  Not Applicable.

ITEM 8.           IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
                  ---------------------------------------------------------

                  Not Applicable.

ITEM 9.           NOTICE OF DISSOLUTION OF GROUP:
                  ------------------------------

                  Not Applicable.

ITEM 10.          CERTIFICATION:
                  -------------

                  Not Applicable.


<PAGE>



CUSIP NO. 481138 10 5              13G                 PAGE 10 OF 12 PAGES



                                    SIGNATURE


                  After  reasonable  inquiry and to the best of my knowledge and
belief,  I certify  that the  information  set forth in this  statement is true,
complete and correct.

Dated:  February 5, 1998              WARBURG, PINCUS INVESTORS, L.P.

                                      By: Warburg, Pincus & Co., General Partner


                                      By:  /S/ STEPHEN DISTLER
                                           -------------------------------------
                                           Stephen Distler, Partner


Dated:  February 5, 1998               WARBURG, PINCUS & CO.


                                       By:  /S/ STEPHEN DISTLER
                                            ------------------------------------
                                            Stephen Distler, Partner


Dated:  February 5, 1998                E.M. WARBURG, PINCUS & CO., LLC


                                        By:  /S/ STEPHEN DISTLER
                                             -----------------------------------
                                             Stephen Distler, Partner


Dated:  February 5, 1998                WARBURG, PINCUS CAPITAL COMPANY, L.P.


                                        By:  /S/ STEPHEN DISTLER
                                             -----------------------------------
                                             Stephen Distler, Partner


Dated:  February 5, 1998                WARBURG, PINCUS CAPITAL PARTNERS
                                        LIQUIDATING TRUST


                                        By:  /S/ STEPHEN DISTLER
                                             -----------------------------------
                                             Stephen Distler, Partner





<PAGE>


CUSIP NO. 481138 10 5              13G                 PAGE 11 OF 12 PAGES


                                    SCHEDULES

Schedule I     Joint  Filing  Agreement,  dated  February  5,  1998,  among  the
               signatories to this Schedule 13G.



<PAGE>


CUSIP NO. 481138 10 5              13G                 PAGE 12 OF 12 PAGES



                             JOINT FILING AGREEMENT
                          PURSUANT TO RULE 13d-1(f)(1)


     The  undersigned  acknowledge  and agree that the  foregoing  statement  on
Schedule  13G is  filed  on  behalf  of each of the  undersigned  and  that  all
subsequent amendments to this statement on Schedule 13G shall be filed on behalf
of each of the  undersigned  without the  necessity of filing  additional  joint
filing  agreements.  The undersigned  acknowledge that each shall be responsible
for the timely filing of such amendments,  and for the completeness and accuracy
of the information concerning it contained therein, but shall not be responsible
for the  completeness  and accuracy of the  information  concerning  the others,
except  to the  extent  that  it  knows  or has  reason  to  believe  that  such
information  is  inaccurate.  This  Agreement  may be  executed in any number of
counterparts  and all of such  counterparts  taken together shall constitute one
and the same instrument.

Dated: February 5, 1998               WARBURG, PINCUS INVESTORS, L.P.

                                      By: Warburg, Pincus & Co., General Partner

                                 
                                      By: /S/ STEPHEN DISTLER
                                          --------------------------------------
                                          Stephen Distler, Partner


                                      WARBURG, PINCUS & CO.


                                      By: /S/ STEPHEN DISTLER
                                          --------------------------------------
                                          Stephen Distler, Partner


                                       E.M. WARBURG, PINCUS & CO., LLC


                                       By: /S/ STEPHEN DISTLER
                                           -------------------------------------
                                           Stephen Distler, Member


                                        WARBURG, PINCUS CAPITAL COMPANY, L.P.


                                        By: /S/ STEPHEN DISTLER
                                            ------------------------------------
                                            Stephen Distler, Partner


                                        WARBURG, PINCUS CAPITAL PARTNERS
                                        LIQUIDATING TRUST


                                        By: /S/ STEPHEN DISTLER
                                            ------------------------------------
                                            Stephen Distler, Trustee





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