Key Developments: Journal Communications Inc (JRN)

JRN on New York Consolidated

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24 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Journal Communications Inc's subsidiary announces sale of KFTI-FM (92.3) to Envision Broadcast Network, LLC
Friday, 10 Oct 2014 08:30am EDT 

Journal Communications Inc:Says Journal Broadcast Group, subsidiary announced an agreement to sell radio station KFTI-FM (92.3) in Wichita to Envision Broadcast Network, LLC, which is affiliated with Envision, Inc.  Full Article

EW Scripps Co and Journal Communications Inc announces merging broadcast operations, spinning off newspapers
Wednesday, 30 Jul 2014 08:30pm EDT 

EW Scripps Co and Journal Communications Inc:Says they have agreed to merge their broadcast operations and spin off and then merge their newspapers, creating two focused and separately traded public companies.The merged broadcast and digital media company, based in Cincinnati, will retain The E.W. Scripps Company name, and the Scripps family shareholders will continue to have voting control.The company will have about 4,000 employees across its television, radio and digital media operations and is expected to have annual revenue of more than $800 million.The newspaper company will be called Journal Media Group and will combine Scripps' daily newspapers, community publications and related digital products in 13 markets with Journal Communications' Milwaukee Journal Sentinel, Wisconsin community publications and affiliated digital products.The company, with expected annual revenue of more than $500 million and about 3,600 employees, will be headquartered in Milwaukee.The Scripps and Journal Communications boards of directors have approved the stock-for-stock transactions, which are subject to customary regulatory and shareholder approvals.Says the deal is expected to close in 2015.  Full Article

Journal Communications Inc names Jason Graham chief financial officer
Tuesday, 11 Feb 2014 04:05pm EST 

Journal Communications Inc:Says that Jason Graham has been named Senior Vice President of Finance and Controller, effective immediately, and Chief Financial Officer, effective upon the filing of Journal's 2013 Form 10-K.Graham will report to Steven J. Smith, Chairman and CEO of Journal Communications.  Full Article

Journal Communications Inc closes on sale of Palm Springs TV Stations KMIR and KPSE to OTA Broadcasting
Tuesday, 7 Jan 2014 04:45pm EST 

Journal Communications Inc:Says the closing of the sale of television stations KMIR-TV and My 13 KPSE TV in Palm Springs, Calif., to OTA Broadcasting (PSP), LLC, an affiliate of Virginia-based OTA Broadcasting, LLC, for $17 mln in cash.Says Kalil & Co., Inc., represented Journal Communications and Media Venture Partners, LLC, represented OTA.  Full Article

Journal Communications Inc announces extension of existing share repurchase authorization until end of 2015
Tuesday, 10 Dec 2013 06:35pm EST 

Journal Communications Inc:Says has extended its share repurchase program until the end of fiscal 2015.Says as announced in July 2011, existing share repurchase authority allows for the repurchase of up to $45 mln of its outstanding class A common stock and/or class B common stock until the end of fiscal year 2013.Says to date it has repurchased approximately $7.6 mln of its class A common stock under this authority.Says the extension of the program will allow for the repurchase of up to the remaining $37.4 mln until the end of fiscal 2015.  Full Article

Journal Communications Inc's Journal Broadcast Group Inc To Sell Palm Springs TV Stations KMIR And KPSE To OTA Broadcasting
Friday, 4 Oct 2013 04:02pm EDT 

Journal Broadcast Group Inc., a subsidiary of Journal Communications Inc announced that it has agreed to the sale of stations KMIR-TV (an NBC affiliate) and My 13 KPSE TV (a MyNetwork affiliate) in Palm Springs, Calif., to OTA Broadcasting (PSP), LLC, an affiliate of Virginia-based OTA Broadcasting, LLC. Terms of the transaction were not disclosed.  Full Article

Scripps, Journal to merge broadcast operations, spin-off newspapers

July 30 - Journal Communications Inc. and E.W. Scripps agreed to merge broadcast operations and spin off their newspaper businesses into a new publicly traded entity, the media companies said late on Wednesday.

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