KNOXVILLE, Tenn.--(BUSINESS WIRE)--Dec. 20, 2012--
Journal Broadcast Corporation, a subsidiary of Journal Communications,
Inc. (NYSE:JRN), today announced that it has reached an agreement to
purchase 100.3 WNOX FM, licensed to Oak Ridge, TN, in the Knoxville, TN
market from Oak Ridge FM, Inc. The transaction is subject to FCC
approval. Terms of the transaction were not disclosed.
“This is a great opportunity for us to add to our Knoxville cluster,”
said Steven Smith, Chairman and CEO of Journal
Communications. “Knoxville is a strong market for Journal with an
exceptional team. The addition of WNOX will help us expand our reach to
listeners and customers in this community.”
Journal Broadcast Group owns three radio stations in Knoxville,
Tennessee including WCYQ-FM Q93 (Country), WWST-FM Star 102.1
(Contemporary), and WKHT-FM Hot 104.5 (Contemporary).
Forward-looking Statements
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
television and radio broadcasting, publishing and interactive media. We
own and operate 15 television stations and 35 radio 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 Communications, Inc.
Andre Fernandez, President and CFO
(414)
224-2884
or
Angela Lois, Director of Investor Relations
(414)
224-2633
