MILWAUKEE--(BUSINESS WIRE)--Jun. 25, 2012--
Journal Broadcast Group, a subsidiary of Journal Communications, Inc.
(NYSE:JRN), has completed the purchase of 106.9 KHTT FM (Contemporary
Hits) and 92.9 BOB FM (Adult Contemporary Variety) in Tulsa, OK, from
Renda Broadcasting Corporation.
Journal Broadcast Group also owns 98.5 KVOO FM (Country Variety), 99.5
KXBL FM (Country Classic), and 1170 KFAQ FM (Talk Radio) in Tulsa.
“We are pleased to complete the purchase of these exceptional radio
stations allowing us to bring the teams together to continue serving our
listeners, customers and the entire Tulsa community,” said Steven Smith,
Chairman and CEO of Journal Communications.
Michael J. Bergner of Bergner & Company advised Journal Communications
on the transaction.
This press release may contain certain forward-looking statements
related to our businesses that are based on our 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 in our most recent Quarterly Report on Form 10-Q
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
radio and television broadcasting, publishing and interactive media. We
own and operate or provide programming and sales services to 35 radio
stations and 14 television stations in 12 states. 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. Our interactive media assets build on our strong
publishing and broadcasting brands.
Source: Journal Communications, Inc.
Journal Broadcast Group
Jim Thomas, (414) 967-5293
President, Marketing and Programming
Fernandez, (414) 224-2010
President and CFO