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Journal Broadcast Group Completes Purchase of WNOX-FM From Oak Ridge FM, Inc.

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).

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 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 Relations
(414) 224-2633
or
Investor contact:
Andre Fernandez, President and CFO
(414) 224-2010