Journal Media Group
|This article needs additional citations for verification. (January 2015)|
|Traded as||NYSE: JMG|
|Founded||Milwaukee, Wisconsin, U.S. (1882)|
|Revenue||$400 million (2012)|
|$60 million (2012)|
|$33.3 million (2012)|
|Total assets||$625.8 million (2012)|
|Total equity||$205.5 million (2012)|
Journal Media Group (formerly Journal Communications) is 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 April 1, 2015, the E.W. Scripps Company acquired Journal Communications, and spun out the publishing operations of both Scripps and Journal into a new company known as Journal Media Group. It is led by Timothy E. Stautberg—the former head of Scripps' newspaper business, joined by previous Journal CEO Stephen J. Smith as a chairman.
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.
As Journal Media Group
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 were finalized on April 1, 2015; Stephen J. Smith was replaced as CEO by Timothy E. Stautberg—the former head of Scripps' newspaper operation. Although Journal Media Group is headquartered where Journal Communications was, the latter company is legally defunct, having been absorbed into Scripps and renamed "Desk BC Merger, LLC".
- Milwaukee Journal Sentinel (Milwaukee, Wisconsin)
- Ventura County Star (Camarillo, California)
- Redding Record Searchlight (Redding, California)
- Naples Daily News (Naples, Florida)
- Scripps Treasure Coast Newspapers:
- Evansville Courier & Press (Evansville, Indiana)
- The Gleaner (Henderson, Kentucky)
- The Anderson Independent-Mail (Anderson, South Carolina)
- The Knoxville News-Sentinel (Knoxville, Tennessee)
- The Commercial Appeal (Memphis, Tennessee)
- The Abilene Reporter-News (Abilene, Texas)
- Corpus Christi Caller Times (Corpus Christi, Texas)
- San Angelo Standard-Times (San Angelo, Texas)
- Times Record News (Wichita Falls, Texas)
- Kitsap Sun (Bremerton, Washington) (daily newspaper)
Community Publishing Group
- Clay Today, Orange Park
- Clay County Leader, Clay County
- Pelican Press, Sarasota
- Ponte Vedra Recorder, Ponte Vedra Beach
- St. John's Recorder, Fruit Cove
- The Bay Viewer, Milwaukee
- Brookfield News, Brookfield
- Clintonville Tribune-Gazette, Clintonville
- Cudahy-St. Francis Reminder-Enterprise, Cudahy
- Elm Grove Elm Leaves, Elm Grove
- Franklin Hub, Franklin
- Germantown Banner-Press, Germantown
- Greendale Village Life, Greendale
- Greenfield Observer, Greenfield
- Hales Corners Village Hub, Hales Corners
- Iola Herald, Iola
- Kettle Moraine Index, Dousman
- Lake Country Reporter, Hartland
- Manawa Advocate, Manawa
- Merrill Foto News, Merrill
- Menomonee Falls News, Menomonee Falls
- Mequon-Thiensville Courant, Mequon
- Mukwonago Chief, Mukwonago
- Muskego Sun, Muskego
- New Berlin Citizen, New Berlin
- New London Press Star, New London
- North Shore Herald, Fox Point
- The North Star Journal, Rhinelander
- Oak Creek Pictorial, Oak Creek
- Oconomowoc Focus, Oconomowoc
- South Milwaukee Voice Graphic, South Milwaukee
- Sussex Sun, Sussex
- Wauwatosa News-Times, Wauwatosa
- West Allis Star, West Allis
- IPC Print Services
- (**) – Indicates that it was built and signed on by Journal.
|City of license / Market||Station||Channel
|Years Owned||Current Ownership Status|
|Tucson - Sierra Vista, Arizona||KGUN-TV||9 (35)||2005-2015||ABC affiliate owned by The E. W. Scripps Company|
|KWBA-TV||58 (44)||2008-2015||The CW affiliate owned by The E. W. Scripps Company|
|Cape Coral - Fort Myers - Naples, Florida||WFTX-TV||36 (35)||2005-2015||Fox affiliate owned by The E. W. Scripps Company|
|Nampa - Caldwell - Boise, Idaho||KIVI-TV||6 (24)||2002-2015||ABC affiliate owned by The E. W. Scripps Company|
|KNIN-TV||9 (10)||2009-2015||Fox affiliate owned by Kiel Media Group|
|Twin Falls, Idaho||KSAW-LD
(semi-satellite of KIVI)
|51 (51)||2002-2015||ABC affiliate owned by The E. W. Scripps Company|
|Lansing, Michigan||WSYM-TV||47 (35)||1985-2015||Fox affiliate owned by The E. W. Scripps Company|
|Omaha, Nebraska||KMTV-TV||3 (45)||2007-2015||CBS affiliate owned by The E. W. Scripps Company|
|Las Vegas, Nevada||KTNV-TV||13 (12)||1979-2015||ABC affiliate owned by The E. W. Scripps Company|
|Nashville, Tennessee||WTVF||5 (5)||2012-2015||CBS affiliate owned by The E. W. Scripps Company|
|Green Bay - Appleton, Wisconsin||WGBA-TV||26 (41)||2004-2015||NBC affiliate owned by The E. W. Scripps Company|
|WACY-TV||32 (27)||2012-2015||MyNetworkTV affiliate owned by The E. W. Scripps Company|
|Milwaukee, Wisconsin||WTMJ-TV **||4 (28)||1948-2015||NBC affiliate owned by The E. W. Scripps Company|
|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|
- KFFN - 1490 AM - ESPN/Sports Radio
- KTGV - 106.3 FM - Rhythmic Oldies 
- KMXZ - 94.9 FM - Adult Contemporary/AC 
- KQTH - 104.1 FM - News/Talk 
|This section is outdated. (April 2015)|
- 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.
- Gores, Paul (1 April 2015). "Journal, Scripps merger creates two closely aligned media companies". Milwaukee Journal-Sentinel. Retrieved 3 April 2015.
- Board of Directors, phx.corporate-ir.net; accessed January 22, 2015.