|Journal Communications' Community Publishing Group Purchases the Clintonville (Wisconsin) Tribune-Gazette from GateHouse Media, Inc.|
MILWAUKEE--(BUSINESS WIRE)--Oct. 11, 2007--Journal Communications, Inc. (NYSE:JRN) announced today that its Journal Community Publishing Group has purchased the Clintonville Tribune-Gazette in Clintonville, Wisconsin, from GateHouse Media, Inc. Terms of the transaction were not disclosed.
The Clintonville Tribune-Gazette is a weekly publication with a paid circulation of approximately 2,300.
"The acquisition of the Tribune-Gazette allows Journal Community Publishing Group to deepen its media offerings and extend its reach in north central Wisconsin and to take advantage of efficiencies created by our printing facility in nearby Waupaca," said Steven J. Smith, chairman and chief executive officer of Journal Communications. "We will continue to seek to expand our community newspaper footprint in our Wisconsin and Florida markets, as we believe we can benefit from our strong sales and management teams and our clear understanding of our audiences in these clusters."
This press release contains 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 on page 1 of our most recent Annual Report on Form 10-K as filed with the Securities and Exchange Commission.
About GateHouse Media
GateHouse Media, Inc., headquartered in Fairport, New York, is one of the largest publishers of locally based print and online media in the United States as measured by its 86 daily publications. GateHouse Media currently serves local audiences of more than 10 million per week across 19 states through hundreds of community publications and local websites. GateHouse Media is traded on the New York Stock Exchange under the symbol "GHS."
About Journal Communications
Journal Communications, Inc., headquartered in Milwaukee, Wisconsin, was founded in 1882. We are a diversified media company with operations in publishing, radio and television broadcasting, interactive media and printing services. We publish the Milwaukee Journal Sentinel, which serves as the only major daily newspaper for the Milwaukee metropolitan area, and 45 community newspapers and shoppers in Wisconsin and Florida. We own and operate 35 radio stations and ten television stations in 12 states and operate two television stations under local marketing agreements. Our interactive media assets include more than 75 online enterprises that are associated with our daily and community newspapers, television and radio stations. We also provide a wide range of commercial printing services -- including printing of publications, professional journals and documentation material -- and operate a direct marketing services business.
CONTACT: Journal Communications, Inc.
|"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Journal Communications, Inc.'s business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.|