MILWAUKEE--(BUSINESS WIRE)--May. 3, 2013--
Journal Broadcast Group, a subsidiary of Journal Communications, Inc.
(NYSE:JRN), has completed the purchase of 100.3 WNOX FM, licensed to Oak
Ridge, TN, in the Knoxville, TN, market from Oak Ridge FM, Inc., for
$5.96 million in cash.
“The addition of WNOX FM to our successful cluster of radio stations
will give a very talented Journal team the opportunity to provide more
great programming to the Knoxville community,” said Steven Smith,
Chairman and CEO of Journal Communications. “Giving this team another
strong asset is a very exciting proposition.”
Journal Broadcast Group owns three other radio stations in Knoxville,
including WCYQ-FM Q93 (Country), WWST-FM Star 102.1 (Contemporary), and
WKHT-FM Hot 104.5 (Contemporary).
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 15 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 Communications, Inc.
Angela Lois, Director of Investor
Fernandez, President and CFO