Journal Communications

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Journal Communications, Inc.
Type Public
Traded as NYSEJRN
Industry Media
Founded Milwaukee, Wisconsin, United States (1882)
Headquarters Milwaukee, Wisconsin
Area served U.S.-wide
Key people Stephen J. Smith
(Chairman and CEO)
Services Newspaper publishing, radio and television stations
Revenue $400 million (2012)[1]
Operating income $60 million (2012)[1]
Net income $33.3 million (2012)[1]
Total assets $625.8 million (2012)[1]
Total equity $205.5 million (2012)[1]
Subsidiaries Journal Broadcast Group
Website www.journalcommunications.com

Journal Communications, Inc. (NYSEJRN) 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.

History[edit]

Journal Communications building

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 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 any "good will" 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;[2] in 1974 it purchased the remaining shares of the company; and in 1995 sold the operation (which by then had about 1000 employees and sales of $123 million) to the Milhous Group of California [1].

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.

Former logo of the company

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 [3][4] 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.[5]

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.[6]

Journal Sentinel[edit]

(Headquarters: Milwaukee)

Traditional publishing[edit]

Printing agreements for Journal's Milwaukee press facilities[edit]

Online content[edit]

Journal Interactive [2]

Journal Broadcast Group[edit]

(Headquarters: Milwaukee)

Television stations[edit]

Journal Broadcast Group primary logo
Journal Broadcast Group alternate logo

Current[edit]

  • (**) – Indicates that it was built and signed on by Journal.
City of license / Market Station Channel
TV (RF)
Owned Since Affiliation
Tucson - Sierra Vista, Arizona KGUN-TV 9 (35) 2005 ABC
Antenna TV (DT2)
Live Well Network (DT3)
KWBA-TV 58 (44) 2008 The CW
LATV (DT2)
Cape Coral - Fort Myers - Naples, Florida WFTX-TV 36 (35) 2005 Fox
LATV (DT2)
Nampa - Caldwell - Boise, Idaho KIVI-TV 6 (24) 2002 ABC
RTV (DT3)
KNIN-TV 9 (10) 2009 Fox
Live Well Network (DT2)
Twin Falls, Idaho KSAW-LD
(semi-satellite of KIVI)
51 (51) 2002 ABC
Lansing, Michigan WSYM-TV 47 (35) 1985 Fox
Me-TV (DT2)
Omaha, Nebraska KMTV-TV 3 (45) 2007 CBS
Live Well Network (DT2)
Las Vegas, Nevada KTNV-TV 13 (12) 1979 ABC
Live Well Network (DT3)
Nashville, Tennessee WTVF 5 (5) 2012 CBS
This TV (DT3)
Green Bay - Appleton, Wisconsin WGBA-TV 26 (41) 2004 NBC
Me-TV (DT2)
WACY-TV 32 (27) 2012 MyNetworkTV
Milwaukee, Wisconsin WTMJ-TV ** 4 (28) 1948 NBC
AccuWX (DT2)
Live Well Network (DT3)

Former[edit]

Market Station Channel
TV (RF)
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 owned by OTA Broadcasting, LLC

Radio stations[edit]

Boise, Idaho

Knoxville, Tennessee

Milwaukee, Wisconsin

Omaha, Nebraska

Springfield, Missouri

Tucson, Arizona

  • KFFN - 1490 AM - ESPN/Sports Radio
  • KTGV - 106.3 FM - Rhythmic Oldies [22]
  • KMXZ - 94.9 FM - Adult Contemporary/AC [23]
  • KQTH - 104.1 FM - News/Talk [24]

Tulsa, Oklahoma

Wichita, Kansas

Former Radio stations[edit]

Journal Community Publishing Group[edit]

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)

Weekly newspapers[edit]

Journal Community Publishing Group logo

Florida

Wisconsin

Other holdings[edit]

Board of Directors[8][edit]

  • 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

References[edit]

  1. ^ a b c d e "Journal Communications, Inc. 2012 Annual Report". Journal Communications. Retrieved August 2, 2013. 
  2. ^ About Perry Printing
  3. ^ ["Duel in Milwaukee," TIME Jan. 3, 1972 http://www.time.com/time/magazine/article/0,9171,879032,00.html]
  4. ^ [Hoffmann, Gregg. "WisBiz In-Depth: Newspaper chain ownership explodes in state" wisbusiness.com Jan. 31, 2005 http://wisbusiness.com/index.iml/index.iml?Article=30761]
  5. ^ [Miranda, Robert. "Taking Sides: What ¡Aquí! Milwaukee Really Represents"; Milwaukee Spanish Journal, June 6, 2005 http://www.hispanicvista.com/HVC/Opinion/Guest_Columns/060605Miranda.htm]
  6. ^ Glauber, Bill (30 July 2014). "Journal, Scripps deal announced". Milwaukee Journal Sentinel. Retrieved 30 July 2014. 
  7. ^ http://www.allbusiness.com/services/business-services-miscellaneous-business/4702046-1.html
  8. ^ http://phx.corporate-ir.net/phoenix.zhtml?c=145779&p=irol-govBoard

External links[edit]