Key Developments: Journal Communications Inc (JRN)

JRN on New York Consolidated

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23 Jul 2014
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Latest Key Developments (Source: Significant Developments)

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

Journal Communications Inc's Journal Broadcast Group to Purchase WNOX 100.3 FM in Knoxville, TN
Thursday, 20 Dec 2012 05:42pm EST 

Journal Broadcast Corporation, a subsidiary of Journal Communications, Inc., announced that it has reached an agreement to purchase 100.3 WNOX FM, licensed to Oak Ridge, TN, in the Knoxville, TN market from Oak Ridge FM, Inc. The transaction is subject to FCC approval. Terms of the transaction were not disclosed.  Full Article

Journal Communications Inc's Journal Broadcast Group, Inc Closes On Purchase of NewsChannel 5, WTVF TV, Nashville, Tennessee From Landmark Media
Thursday, 6 Dec 2012 06:50pm EST 

Journal Communications Inc announced that its Journal Broadcast Group, Inc. subsidiary has closed on the purchase of Nashville’s WTVF NewsChannel 5 Network, LLC, a CBS-affiliate television station with an ancillary news and digital channel as well as a property, from Landmark Media Enterprises, LLC (Landmark) for $215 million in cash plus a working capital adjustment. NewsChannel 5 Network consists of NewsChannel 5 (WTVF), NewsChannel 5+, a This TV affiliate (D3) and NewsChannel5.com, a market leading local digital news site. NewsChannel 5+ broadcasts on the D2 frequency offering the only original, local content produced exclusively for the digital channel.  Full Article

Journal Communications Inc Acquires All Outstanding Class C Shares
Monday, 13 Aug 2012 09:00am EDT 

Journal Communications Inc announced that it has acquired all 3,264,000 outstanding shares of its Class C common stock (4,451,998 shares on a Class A-equivalent basis), all of which were owned by members and successors of the Grant Family. In this repurchase, the Company paid $6,245,536 in cash and issued unsecured subordinated promissory notes with an aggregate principal amount of $25,598,989 as the purchase price for the Class C shares. The cash payment equaled the amount of the minimum unpaid and undeclared dividend on the Class C shares.  Full Article

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