|This article needs additional citations for verification. (January 2015)|
|Traded as||NYSE: JRN|
|Founded||Milwaukee, Wisconsin, U.S. (1882)|
|Stephen J. Smith
(Chairman and CEO)
|Services||Newspaper publishing, radio and television stations|
|Revenue||$400 million (2012)|
|$60 million (2012)|
|$33.3 million (2012)|
|Total assets||$625.8 million (2012)|
|Total equity||$205.5 million (2012)|
|Subsidiaries||Journal Broadcast Group|
Journal Communications, Inc. (NYSE: JRN) is a publicly traded media company based in Milwaukee, Wisconsin. It publishes the Milwaukee Journal Sentinel, a daily newspaper, and it also owns television stations, radio stations and weekly newspapers, among other businesses.
- 1 History
- 2 Journal Sentinel
- 3 Journal Broadcast Group
- 4 Journal Community Publishing Group
- 5 Other holdings
- 6 Board of Directors
- 7 References
The Milwaukee Journal was started in 1882, in competition with four other English-language, four German- and two Polish-language dailies. It launched WTMJ-AM (620) in 1927, and WTMJ-TV (Channel 4) in 1947. The Journal Company, until then primarily owned by local interests, introduced an employee stock trust plan in 1937, and as a result most Journal stock was eventually held by its employees (under certain restrictions). A small bloc of Journal stock was given to Harvard to fund the Nieman Fellowship program for promising journalists, and another bloc was still held by the original owning families until the IPO.
The Milwaukee Sentinel, begun in 1837 as a weekly published by city co-founder Solomon Juneau, passed through the hands of several owners before being sold to the Hearst Corporation in 1924. Hearst operated the Sentinel until 1962, when, following a long and costly strike, it abruptly announced the closing of the paper. Although Hearst claimed that the paper had lost money for years, The Journal Company, concerned about the loss of an important voice (and facing questions about its own dominance of the Milwaukee media market), agreed to buy the Sentinel name, subscription lists, and goodwill associated with the name. In 1995 the Journal and Sentinel were consolidated. The new Journal Sentinel then became a seven-day morning paper. In 1964, Journal Communications bought a part interest in Perry Printing, a commercial printer specializing in printing magazines, catalogs and free-standing inserts for publications. A decade later, in 1974, it purchased the remaining shares of the company. In 1995, it sold the operation (which by then had about 1000 employees and sales of $123 million) to the Milhous Group of California. 
In 1968, the Midwestern Relay cable transmission division of the Journal Company was developed out of broadcast-related expertise; in 1991, Midwestern Relay acquired Norlight, a fiber-optic private carrier, and adopted the Norlight name. On February 26, 2007 Journal Communications sold the regional telecommunications provider to privately held Q-Comm Corp of Delaware. Upon closing the transaction, Q-Comm terminated Jim Ditter, who had been president of Norlight since 1995, and chief financial officer Mike Garvey. What is now known as the Journal Community Publishing Group began in Waupaca, Wisconsin in 1972 as a publishing and printing company called Add Inc. A majority interest was purchased by Journal Communications in 1981, and the remainder in 1986. In June 2007, Journal Communications sold off its JCP interests in Louisiana, Ohio, Connecticut and Vermont. The sales brought in a combined $30 million.
The company sold 11 community newspapers, five shoppers and two printing plants in Connecticut and Vermont to Hersam Acorn Newspapers. In Ohio, Journal sold eight shoppers, numerous specialty print products and the Advantage Press commercial printing business to Gannett Company. It also sold its Louisiana-based publishing business to a Target Media Partners affiliate. In 1999 Journal Communications acquired the Great Empire radio group (13 radio stations in 4 states). The corporation had its initial public offering of Class A shares in 2003. For decades, Journal Communications been criticized with concerns about being a media monopoly in the Milwaukee area. It created the now-defunct alternative papers MKE and ¡Aqui! Milwaukee to regain advertising dollars lost to local independents like the Shepherd Express and the Milwaukee Spanish Journal.
On July 30, 2014, it was announced that Journal would be acquired by the E. W. Scripps Company in an all-stock transaction that would form a company that would then split in two. Scripps would retain the two firms' broadcasting properties, while they would spin off their print properties into Journal Media Group. The FCC approved the deal on December 12, 2014, and it was approved by shareholders on March 11, 2015. The merger and spin-off are expected to be finalized in April 2015.
- Milwaukee Journal Sentinel (daily newspaper)
Printing agreements for Journal's Milwaukee press facilities
- USA Today copies distributed in eastern Wisconsin and north suburban Chicago
- The Chicago Reader
- Shepherd Express
- The Sheboygan Press
Journal Broadcast Group
- (**) – Indicates that it was built and signed on by Journal.
|City of license / Market||Station||Channel
|Tucson - Sierra Vista, Arizona||KGUN-TV||9 (35)||2005||ABC
Antenna TV (DT2)
This TV (DT3)
|KWBA-TV||58 (44)||2008||The CW
|Cape Coral - Fort Myers - Naples, Florida||WFTX-TV||36 (35)||2005||Fox
|Nampa - Caldwell - Boise, Idaho||KIVI-TV||6 (24)||2002||ABC
Live Well Network (DT2)
|Twin Falls, Idaho||KSAW-LD
(semi-satellite of KIVI)
|Lansing, Michigan||WSYM-TV||47 (35)||1985||Fox
|Omaha, Nebraska||KMTV-TV||3 (45)||2007||CBS
Antenna TV (DT2)
|Las Vegas, Nevada||KTNV-TV||13 (12)||1979||ABC
Heroes & Icons (DT3)
|Nashville, Tennessee||WTVF||5 (5)||2012||CBS
This TV (DT3)
|Green Bay - Appleton, Wisconsin||WGBA-TV||26 (41)||2004||NBC
|Milwaukee, Wisconsin||WTMJ-TV **||4 (28)||1948||NBC
Cozi TV (DT3)
|Years Owned||Current Ownership Status|
|Palm Springs, California||KMIR-TV||36 (46)||1999-2014||NBC affiliate owned by OTA Broadcasting, LLC|
|KPSE-LP||50||2008-2014||MyNetworkTV affiliate, KPSG-LP, owned by OTA Broadcasting, LLC|
Former radio stations
- WIFC - Wausau, Wisconsin
- WSAU-AM - Wausau, Wisconsin
- KQRC-FM - Leavenworth, Kansas
- WJBE - Powell, Tennessee (was WQBB, WKTI and WWAM)
- KCID - Caldwell, Idaho
- KKGQ - Newton, Kansas (was KFTI-FM)
- KGEM - Boise, Idaho
- KSRV-FM - Ontario, Oregon
- KSRV - Ontario, Oregon
- KBBX-FM - Nebraska City, Nebraska
- KOTK - Omaha, Nebraska (was KBBX and KHLP)
- KOMJ - Omaha, Nebraska (was KOSR)
Journal Community Publishing Group
In addition to weekly newspapers, the Journal Community Publishing Group publishes advertising and specialty publications in Florida, Massachusetts, New York and Wisconsin. (Headquarters: Waupaca, and New Berlin, Wisconsin.)
- IPC Print Services (Headquarters: St. Joseph, Michigan)
- PrimeNet, a direct marketing company (Headquarters: Saint Paul, Minnesota)
- Steven J. Smith - Chairman of the Board and Chief Executive Officer, Journal Communications
- David Drury - President & Chief Executive Officer, Poblocki Sign Company, LLC
- David Meissner - Former Chairman, Public Policy Forum, Inc.
- Jonathan Newcomb - Senior Advisor, Coady Diemar Partners
- Roger Peirce - Retired Vice Chairman & CEO, Super Steel Products Corporation
- Ellen Siminoff - CEO, Shmoop, and Chairman, Efficient Frontier
- Mary Ellen Stanek - Managing Director & Chief Investment Officer, Baird Advisors, Robert W. Baird & Co. Inc
- Owen Sullivan - CEO, Right Management
- Jeanette Tully - President and CEO, Radiovisa Corporation
- "Journal Communications, Inc. 2012 Annual Report". Journal Communications. Retrieved August 2, 2013.
- About Perry Printing, perryjudds.com; accessed January 22, 2015.
- Perry Printing sold to Milhous Group, google.com; accessed January 22, 2015.
- "Duel in Milwaukee", time.com, January 3, 1972.
- Hoffmann, Gregg. "WisBiz In-Depth: Newspaper chain ownership explodes in state", wisbusiness.com, January 31, 2005.
- Miranda, Robert. "Taking Sides: What ¡Aquí! Milwaukee Really Represents", hispanicvista.com, June 6, 2005.
- Glauber, Bill (30 July 2014). "Journal, Scripps deal announced". Milwaukee Journal Sentinel. Retrieved July 30, 2014.
- "Journal, Scripps shareholders OK transaction; closing expected by early April". Milwaukee Business Journal. Retrieved 11 March 2015.
- USA Today profile, allbusiness.com; accessed January 22, 2015.
- Journal Broadcast Group website, journalbroadcastgroup.com; accessed January 22, 2015.
- Journal Community Publishing Group website, jcpgroup.com; accessed January 22, 2015.
- IPC Print Services website, ipc-world.com; accessed January 22, 2015.
- Primenet Direct Marketing Solutions, primenet.com; accessed January 22, 2015.
- Board of Directors, phx.corporate-ir.net; accessed January 22, 2015.