MILWAUKEE--(BUSINESS WIRE)--Sep. 30, 2009--
Journal Communications, Inc. (NYSE:JRN) today announced that Doug Kiel,
President of Journal Communications and CEO of Journal Broadcast Group,
will retire on December 27, 2009, the end of the company’s fiscal year.
“I’ve decide to retire from Journal to pursue starting my own company,
outside of Milwaukee,” said Doug Kiel. “I’ve really enjoyed my time at
Journal and have always felt it was a real privilege to lead the Journal
Broadcast Group. I’ll especially miss the great people I’ve worked with
and wish them all the best in the future.”
“Doug has had a terrific career at our company including radio and
television station management as well as corporate duties working with
other Journal Communications companies,” said Steven J. Smith, Chairman
and Chief Executive Officer. “I would like to take this opportunity to
thank Doug for his dedication to Journal Communications, for sharing his
expertise and talent in both radio and television, and for his years of
being a wonderful professional colleague and friend. Doug and the entire
Journal Broadcast Group team have done a great job building our local
market business across the country. The commitment to excellence and
community service will continue and is a legacy of Doug’s service.”
After Kiel retires, Smith will assume leadership of the group for the
foreseeable future. “We are fortunate to have a very talented cadre of
regional and market leaders within our Broadcast Group, and I look
forward to working even more closely with all of them,” said Smith.
Kiel joined Journal Communications in 1987 as Vice President and General
Manager of WKTI-FM. During his career he also managed WTMJ TV and
assumed responsibility for the Broadcast Group in 1992. He became
President of Journal Communications in 1998. During his tenure, Journal
Broadcast Group experienced significant growth, including the purchase
of the Great Empire Broadcasting Radio Group, Desert Empire Television
and three Emmis Communications television stations. Kiel also added
stations in a number of Journal markets to leverage existing investments.
Kiel serves on the board of the Wisconsin Broadcasters Association, the
Affiliate Board of the NBC Broadcasting Network, the Bradley Center
Sports and Entertainment Corporation board of directors, the Television
Bureau of Advertising (TVB) board of directors, and the Radio
Advertising Bureau (RAB) board of directors.
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 23 of our most recent
Quarterly Report on Form 10-Q, as filed with the Securities and Exchange
Commission.
About Journal Broadcast Group
Journal Broadcast Group owns and operates 33 radio stations and 13
television stations in 12 states and operates an additional television
station under a local marketing agreement. Headquartered in Milwaukee,
Wisconsin, it is the broadcast business of Journal Communications Inc.,
a diversified media company with operations in publishing, radio and
television broadcasting, interactive media and printing services.
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 33 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 Communications, Inc.
Andre Fernandez
Executive Vice
President, Finance & Strategy
and Chief Financial Officer
414-224-2884