|Journal Community Publishing Group Announces the Sale of its Pelican Press Businesses to The Observer Group, Inc.|
MILWAUKEE, Jun 09, 2011 (BUSINESS WIRE) -- Journal Community Publishing Group, Inc., a subsidiary of Journal Communications, Inc. (NYSE:JRN) today announced the sale of the Pelican Press and PelicanPress Marketplace businesses to The Observer Group, Inc., a Florida Corporation. The Pelican Press businesses operate in Sarasota, Florida. Terms of the transaction were not disclosed.
This press release contains certain forward-looking statements related to our business that are based on current expectations. Forward-looking statements are subject to certain risks, trends and uncertainties, including changes in advertising demand and other economic conditions that could cause actual results to differ materially from the expectations expressed in forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Our written policy on forward-looking statements can be found on our most recent Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission.
About Journal Communications
Journal Communications, Inc., headquartered in Milwaukee, Wisconsin, was founded in 1882. We are a diversified media company with operations in publishing, radio and television broadcasting and interactive media. We publish the Milwaukee Journal Sentinel, which serves as the only major daily newspaper for the Milwaukee metropolitan area, and several community newspapers and shoppers in Wisconsin and Florida. We own and operate 33 radio stations and 13 television stations in 12 states and operate an additional television station under a local marketing agreement. Our interactive media assets build on our strong publishing and broadcasting brands.
SOURCE: Journal Communications, Inc.
Journal Communications, Inc.