Who owns journal communications

Scripps shareholders will own 69 percent of the broadcasting company and 59 percent of the newspaper company. Tim Stautberg , senior vice president, newspapers for Scripps, will become president, CEO and a director of Journal Media Group upon completion of the transaction. Smith will become non-executive chairman of the board.

Journal Communications owns and operates or provides services to 14 television stations and 35 radio stations in 11 states. Scripps owns 21 local television stations as well as daily newspapers in 13 markets across the United States. Watch for more on this developing story on the Milwaukee Business Journal's website on Thursday.

Please Sign In and use this article's on page print button to print this article. Related Content. Wells Fargo Securities acted as exclusive financial advisor to Scripps, Evercore Partners acted as exclusive financial advisor to the Scripps family, and Methuselah Advisors acted as exclusive financial advisor to Journal Communications.

About Scripps The E. Scripps Company serves audiences and businesses through a growing portfolio of television, radio and digital media brands. It also owns 34 radio stations in eight markets. When Scripps and the former Journal Communications merged their broadcast assets, they also spun off their respective newspapers, creating a new public company, Journal Media Group.

Scripps also runs an expanding collection of local and national digital journalism and information businesses, including mobile video news service Newsy and weather app developer WeatherSphere.

Scripps also produces television shows including The List and The Now , runs an award-winning investigative reporting newsroom in Washington, D. Investor contact: Carolyn Micheli, The E. Scripps Company, , [carolyn. Media contact: Valerie Miller, The E. Scripps Company, , [valerie. Forward-Looking Statements This communication contains certain forward-looking statements with respect to the financial condition, results of operations and business of Scripps and Journal and the combined businesses of Journal and Scripps and certain plans and objectives of Scripps and Journal with respect thereto, including the expected benefits of the proposed spin and merger transactions.

These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts.