MILWAUKEE--(BUSINESS WIRE)--Dec. 3, 2012--
Journal Community Publishing Group, Inc., a subsidiary of Journal
Communications, Inc. (NYSE:JRN), today announced the sale of its
publications and websites in Northern Wisconsin to Green Bay, WI-based
Multi-Media Channels, LLC (Brown County Publishing). Terms of the
transaction were not disclosed.
Included in the sale are buyer’s guide publications and corresponding
web-sites serving Waupaca, Marathon County, Wood County, Stevens Point,
Rhinelander, New London and Clintonville. The sale also includes The
North Star Journal and Foto News as well as subscriber-paid
publications Waupaca Co. Post East, Waupaca Co. Post West, and Silent
Sports magazine.
“We thank all of our Journal Community Publishing employees for their
years of dedicated service to Journal Communications,” said Elizabeth
Brenner, Executive Vice President and COO, Publishing. “Brown County is
an excellent Publisher and we are confident that they will carry on the
proud tradition of our exceptional community publications”
Forward-looking Statements
This press release contains certain forward-looking statements related
to our business that are based on 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 our most recent Quarterly Report on Form 10-Q
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
radio and television broadcasting, publishing and interactive media. We
own and operate 34 radio stations and 14 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.
Andre Fernandez
President and
Chief Financial Officer
414-224-2884
afernandez@journalcommunications.com
