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MILWAUKEE--(BUSINESS WIRE)--Apr. 23, 2009-- Journal Communications, Inc. (NYSE:JRN) announced today that its Journal Broadcast Group, Inc. and Journal Broadcast Corporation closed on its purchase of KNIN-TV for $6.6 million from Banks Boise, Inc. KNIN-TV, Analog Channel 9 and Digital Channel 10, is the CW Network affiliate serving the Boise market.

Journal Broadcast Group currently owns KIVI-TV, the ABC affiliate, and radio stations KJOT-FM, KQXR-FM, KTHI-FM, KGEM-AM, KRVB-FM and KCID-AM in Boise.

“The purchase of KNIN builds our cross-media businesses in Boise,” said Doug Kiel, vice chairman and chief executive officer of Journal Broadcast Group. “We will better serve advertisers and viewers in the Treasure Valley, build a stronger community presence in Boise, and enhance our margin with multiple media properties.”

The KNIN-TV transaction was brokered by Kalil & Company, Inc.

Forward-looking Statements

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 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 more than 50 community newspapers and shoppers in Wisconsin and Florida. We own and operate 35 radio stations and 13 television stations in 12 states and operate an additional television station under a local marketing agreement. Our interactive media assets include about 120 online enterprises that are associated with our daily and community newspapers and 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.

Source: Journal Communications, Inc.

Journal Broadcast Group
Jim Thomas
414-967-5293
jthomas@journalbroadcastgroup.com