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Journal Media Group (formerly Journal Communications) was a Milwaukee, Wisconsin-based newspaper publishing company. The company's roots were first established in 1882 as the owner of its namesake, the Milwaukee Journal, and expanded into broadcasting with the establishment of WTMJ radio and WTMJ-TV, and the acquisition of other television and radio stations.
On October 7, 2015, Gannett struck a deal to buy the Journal Media Group for $280 million, giving it control of publications in over 100 markets in the Midwestern and Southern U.S. Similar to what Gannett had earlier done with its broadcasting assets, the Milwaukee-based Journal had separated its publishing and broadcasting arms in April 2015 ...
Tribune Publishing Company (briefly Tronc, Inc.) [2] is an American newspaper print and online media publishing company. The company, which was acquired by Alden Global Capital in May 2021, has a portfolio that includes the Chicago Tribune, the Orlando Sentinel, South Florida's Sun-Sentinel, The Virginian-Pilot, the Hartford Courant, additional titles in Pennsylvania and Virginia, syndication ...
On July 30, 2014, it was announced that the E. W. Scripps Company would acquire Journal Communications in an all-stock transaction. The combined firm would retain their broadcast properties and spin off their print assets as Journal Media Group. [11]
The purchase price was to be between $605 and $775 million, depending on a federal ruling. [24] (Scripps eventually spun off all of its newspapers into Journal Media Group in 2015.) Scripps made its first foray into broadcasting in 1935, forming a company called Continental Radio and buying radio stations WCPO in Cincinnati and WNOX in Knoxville.
On July 30, 2014, the E. W. Scripps Company announced that it would acquire Journal Communications in an all-stock transaction. The combined firm would retain their broadcast properties—including WTMJ-TV and its AM and FM radio siblings—with the print assets being spun off as Journal Media Group. [21]
At the time, Broadcast.com had 570,000 users and the purchase price was $10,000 per user. Cuban sold most of his Yahoo! stock that same year, netting over $1 billion. [7] Founder Chris Jaeb, whose stake was diluted to less than 1% of the company, received approximately $50 million from the sale. [2] The service became a part of Yahoo! Broadcast ...
Former owners Journal Broadcast Group announced on July 22, 2009 [2] that KCID, along with sister station KGEM 1140AM, were to be sold to Salt & Light Radio for $950,000. The sale closed on September 25, 2009, [ 3 ] and the station has been converted to Salt & Light's local Spanish Catholic radio format.