MILWAUKEE--(BUSINESS WIRE)--Oct. 23, 2012--
Journal Broadcast Group, Inc., a subsidiary of Journal Communications,
Inc. (NYSE:JRN), today announced that it has closed on the purchase of
WACY-TV in Green Bay for $2.038 million from ACE TV, Inc.
WACY is a MyNetwork station in Green Bay/Appleton, WI. Journal Broadcast
Group has had a local marketing agreement for the station since late
2004. Journal also owns WGBA-TV, the NBC affiliate in Green Bay.
“Completion of the WACY transaction solidifies our duopoly in the Green
Bay market,” said Steven J. Smith, Chairman and CEO of Journal
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 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
Source: Journal Communications, Inc.
Journal Communications, Inc.
Jim Thomas, Vice President, Marketing
Fernandez, President and CFO