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Journal Media Group

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(January 2015) (Learn how and when to remove this message)
Journal Media Group
Journal Communications building
FormerlyThe Journal Company
Journal Communications
Company typePublic
NYSE: JMG
IndustryMedia
Founded1882; 143 years ago (1882)
DefunctApril 8, 2016; 9 years ago (2016-04-08)
FateAcquired byGannett
Broadcast assets acquired byE. W. Scripps Company
SuccessorGannett Company
E. W. Scripps Company
Headquarters,
Area served
Nationwide
Key people
Revenue$400 million[1] (2012)
$60 million[1] (2012)
$33.3 million[1] (2012)
Total assets$625.8 million[1] (2012)
Total equity$205.5 million[1] (2012)

Journal Media Group (formerlyJournal Communications) was aMilwaukee,Wisconsin-basednewspaper publishing company. The company's roots were first established in 1882 as the owner of its namesake, theMilwaukee Journal, and expanded into broadcasting with the establishment ofWTMJ radio andWTMJ-TV, and the acquisition of other television and radio stations.

On April 1, 2015, theE. W. Scripps Company acquired Journal Communications, andspun out the publishing operations of both Scripps and Journal into a new company known as Journal Media Group. It is led by Timothy E. Stautberg—the former head of Scripps' newspaper business, joined by previous Journal CEO Stephen J. Smith as a chairman. In 2016, Journal Media Group was acquired byGannett.

History

[edit]

TheMilwaukee Journal was started in 1882, in competition with four other English-language, four German- and two Polish-language dailies. It launchedWTMJ-AM (620) in 1927, andWTMJ-TV (Channel 4) in 1947.The Journal Company, until then primarily owned by local interests, introduced anemployee stock trust plan in 1937, and as a result most Journal stock was eventually held by its employees (under certain restrictions). A small bloc of Journal stock was given toHarvard to fund theNieman Fellowship program for promising journalists, and another bloc was still held by the original owning families until theIPO.

TheMilwaukee Sentinel, begun in 1837 as a weekly published by city co-founderSolomon Juneau, passed through the hands of several owners before being sold to theHearst Corporation in 1924. Hearst operated the Sentinel until 1962, when, following a long and costly strike, it abruptly announced the closing of the paper. Although Hearst claimed that the paper had lost money for years, The Journal Company, concerned about the loss of an important voice (and facing questions about its own dominance of the Milwaukee media market), agreed to buy the Sentinel name, subscription lists, andgoodwill associated with the name. In 1995 the Journal and Sentinel were consolidated. The newJournal Sentinel then became a seven-day morning paper. In 1964, Journal Communications bought a part interest in Perry Printing, a commercial printer specializing in printing magazines, catalogs and free-standing inserts for publications.[2] A decade later, in 1974, it purchased the remaining shares of the company. In 1995, it sold the operation (which by then had about 1000 employees and sales of $123 million) to the Milhous Group of California.[3]

Former logo of the company

In 1968, the Midwestern Relay cable transmission division of the Journal Company was developed out of broadcast-related expertise; in 1991, Midwestern Relay acquired Norlight, a fiber-optic private carrier, and adopted the Norlight name. On February 26, 2007, Journal Communications sold the regional telecommunications provider to privately held Q-Comm Corp ofDelaware. Upon closing the transaction, Q-Comm terminated Jim Ditter, who had been president of Norlight since 1995, and chief financial officer Phillip Garvey. What is now known as the Journal Community Publishing Group began inWaupaca, Wisconsin in 1972 as a publishing and printing company called Add Inc. A majority interest was purchased by Journal Communications in 1981, and the remainder in 1986. In June 2007, Journal Communications sold off its JCP interests inLouisiana,Ohio,Connecticut andVermont. The sales brought in a combined $30 million.[4]

The company sold 11 community newspapers, five shoppers and two printing plants in Connecticut and Vermont toHersam Acorn Newspapers. In Ohio, Journal sold eight shoppers, numerous specialty print products and the Advantage Press commercial printing business toGannett Company. It also sold its Louisiana-based publishing business to a Target Media Partners affiliate. In 1999 Journal Communications acquired the Great Empire radio group (13 radio stations in 4 states). The corporation had itsinitial public offering of Class A shares in 2003. For decades, Journal Communications was criticized[5][6] with concerns about being a mediamonopoly in the Milwaukee area. It created the now-defunctalternative papersMKE and¡Aqui! Milwaukee to regain advertising dollars lost to local independents like theShepherd Express and theMilwaukee Spanish Journal.[7]

As Journal Media Group

[edit]

On July 30, 2014, it was announced that Journal would be acquired by theE. W. Scripps Company in an all-stock transaction. Scripps would retain the two firms' broadcasting properties, while both the Scripps and Journal print properties would be spun off as Journal Media Group.[8] The FCC approved the deal on December 12, 2014, and it was approved by shareholders on March 11, 2015.[9] The merger and spin-off were finalized on April 1, 2015; Stephen J. Smith was replaced as CEO by Timothy E. Stautberg—the former head of Scripps' newspaper operation.[10] Although Journal Media Group was based at Journal Communications' old headquarters in Milwaukee, the latter company was legally defunct, having been absorbed into Scripps and renamed "Desk BC Merger, LLC".[11]

On October 7, 2015, it was announced thatGannett would acquire Journal Media Group for $280 million.[12] The deal was finalized on April 8, 2016.[13]

Former assets

[edit]

Newspapers

[edit]

Community Publishing Group

[edit]

Florida

Wisconsin

Other holdings

[edit]
  • IPC Print Services
  • PrimeNet

Television stations

[edit]

Stations are arranged alphabetically bycity of license.

  • (**) – Indicates station was built and signed on by Journal.
City of license /MarketStationChannelYears ownedCurrent status
AppletonGreen Bay, WIWACY-TV322012–2015[a]Independent station owned by theE. W. Scripps Company
CaldwellBoise, IDKNIN-TV92009–2015Fox affiliate owned byMarquee Broadcasting
Cape CoralFort MyersNaples, FLWFTX-TV362005–2015Fox affiliate owned by the E. W. Scripps Company
Green Bay, WIWGBA-TV262004–2015NBC affiliate owned by the E. W. Scripps Company
Lansing, MIWSYM-TV471985–2015Fox affiliate owned by the E. W. Scripps Company
Las Vegas, NVKTNV-TV131979–2015ABC affiliate owned by the E. W. Scripps Company
Milwaukee, WIWTMJ-TV **41947–2015NBC affiliate owned by the E. W. Scripps Company
NampaBoise, IDKIVI-TV62002–2015ABC affiliate owned by the E. W. Scripps Company.
Nashville, TNWTVF52012–2015CBS affiliate owned by the E. W. Scripps Company
Omaha, NEKMTV-TV32007–2015CBS affiliate owned by the E. W. Scripps Company
Palm Springs, CAKMIR-TV361999–2014NBC affiliate owned byEntravision Communications
Palm Springs, CAKPSE-LP502008–2014MyNetworkTV affiliateKPSE-LD, owned by
Entravision Communications
Sierra Vista, AZKWBA-TV582008–2015Independent station owned by the E. W. Scripps Company
Sturgeon Bay, WIWLWK-CD[A]222004–2015NBC affiliate owned by the E. W. Scripps Company
Tucson, AZKGUN-TV92005–2015ABC affiliate owned by the E. W. Scripps Company
Twin Falls, IDKSAW-LD[B]62002–2015ABC affiliate owned by the E. W. Scripps Company
  1. ^Translator of WGBA-TV.
  2. ^Semi-satellite of KIVI-TV.
  1. ^Operated by Journal Media Group from 2004 to 2012.

Radio stations

[edit]
  • (**) – Indicates station was built and signed on by Journal.
AM StationFM Station
City of license / MarketStationYears ownedCurrent status
Boise, IDKGEM 11401998–2009Owned by Salt & Light Radio
KSRV 13801998–2000Defunct, ceased operations in 2019 asKBXN
KCID 14901998–2009Owned by Salt & Light Radio
KRVB 94.9–2015Owned byLotus Communications
KSRV-FM 96.11998–2000Owned by Iliad Media Group
KQXR 100.31998–2015Owned by Lotus Communications
KJOR/KJOT 105.11998–2015Owned by Lotus Communications
KCID-FM/KTHI 107.11998–2015Owned by Lotus Communications
Kansas City, MOKCWV/KRVK/KQRC-FM 98.91989–1997Owned byAudacy, Inc.
Knoxville, TNWQBB/WKTI 10401998–2012WJBE, owned byJoe E. Armstrong
WWST/WMYU/WCYQ/
WNOX 93.1
1997–2015Owned bySummitMedia
WNOX/WCYQ 100.32013–2015Owned by SummitMedia
WMYU/WWST 102.11997–2015Owned by SummitMedia
WQBB-FM/WQIX/
WBON/WKHT 104.5
1998–2015Owned by SummitMedia
Milwaukee, WIWTMJ 6201927–2015Owned byGood Karma Brands
WTMJ-FM/WKTI-FM/
WLWK-FM 94.5 **
1959–2015WKTI, owned by Good Karma Brands
Omaha, NEWOW/KOMJ/KXSP 5901998–2015Owned by SummitMedia
KBBX/KHLP 14201998–2005KXCB, owned by Steven Seline
KEZO/KOSR/KOMJ 14901995–2005KIBM, owned by Steven Seline
KEZO-FM 92.31995–2015Owned by SummitMedia
WOW-FM/KSSO/KMXM/
KQCH 94.1
1998–2015Owned by SummitMedia
KOSJ/KEZY/KQCH/
KBBX-FM 97.7
1996–2006Owned by Flood Communications
KSRZ 104.51998–2015Owned by SummitMedia
KKCD 105.91995–2015Owned by SummitMedia
Springfield, MOKTTS/KTTF/KSGF 12601998–2015Owned by SummitMedia
KTTS-FM 94.71998–2015Owned by SummitMedia
KLTQ/KMXH/KSPW 96.51998–2015Owned by SummitMedia
KZRQ/KSGF-FM 104.11999–2015Owned by SummitMedia
KRVI 106.71999–2015Owned by SummitMedia
Tucson, AZKNND/KFFN 14901995–2018Owned by Lotus Communications
KMXZ-FM 94.91995–2015Owned by Lotus Communications
KKHJ/KZPT/KQTH 104.1 **1994–2015KFLT-FM, owned byFamily Life Broadcasting
KLQB/KIXD/KGMG/
KTGV 106.3
1998–2015Owned byBustos Media
Tulsa, OKKVOO/KFAQ 11701998–2015KOTV, owned byGriffin Communications
KBEZ 92.92012–2015Owned by Griffin Communications
KVOO-FM 98.51998–2015Owned by Griffin Communications
KCKI/KXBL 99.51998–2015Owned by Griffin Communications
KHTT 106.92012–2015Owned by Griffin Communications
Wichita, KSKFDI/KFTI/KLIO 10701998–2015KFTI, owned by SummitMedia
KMXW/KFTI-FM 92.31999–2015KKGQ, owned by Union Broadcasting
KICT-FM 95.11998–2015Owned by SummitMedia
KFDI-FM 101.31998–2015Owned by SummitMedia
KLLS/KFXJ 104.51998–2015Owned by SummitMedia
KYQQ 106.51998–2015Owned by SummitMedia
Wausau, WIWSAU 5501985–1996Owned byMidwest Communications
WSAU 14001947–1951WRIG (1390AM), owned by Midwest Communications
WSAU-FM 95.5 **1947–1950Defunct, ceased operations in 1950
WIFC 95.51985–1996Owned by Midwest Communications

Controversies

[edit]

Before its merger with Journal, the papers of E. W. Scripps were known for having several controversies within the newspapers it ran.

Hugo Zacchini performed ahuman cannonball act in 1972 at theGeauga County Fair inBurton, Ohio. Scripps television stationWEWS-TV recorded and aired the entire act against his wishes and without compensating him, as was required byOhio law. InZacchini v. Scripps-Howard Broadcasting Co., the U.S. Supreme Court ruled that the First Amendment did not shield the broadcaster from liability fromcommon law copyright claims.[14]

The Commercial Appeal posted a controversial database listing Tennessee residents with permits to carry handguns in 2008.[15] The database is a public record inTennessee, but had not previously been posted online.

Scripps owns and operates theVentura County Star, which has faced many complaints involving its circulation practices rather than its editorial content. As of April 2, 2011, the Better Business Bureau listed ten (10) separate "significant" complaints from the previous three years, of which two alleged the company made unauthorized debits from customers' checking accounts, four alleged problems obtaining refunds, two alleged the company harassed a customer or former customer, two alleged improper billing, and two alleged delivery continuing after customers tried to cancel.[16] (The total number of allegations does not add to the total number of complaints because two complaints made multiple allegations.)

In May 2013, Scripps News Service discovered and published a security breach on the websites of Oklahoma-based TerraCom Inc. and an affiliate, YourTel America Inc. in which the personal information of tens of thousands of low-income Americans was publicly exposed. In response, the two companies accused Scripps of "hacking" and of violations of theComputer Fraud and Abuse Act.[17] The Illinois Attorney GeneralLisa Madigan subsequently announced an investigation into the two companies.[18]

Board of directors

[edit]
This section needs to beupdated. Please help update this article to reflect recent events or newly available information.(April 2015)

Source:[19]

  • Steven J. Smith - Chairman of the Board and Chief Executive Officer,Journal Communications
  • David Drury - President & Chief Executive Officer, Poblocki Sign Company, LLC
  • David Meissner - Former Chairman,Public Policy Forum, Inc.
  • Jonathan Newcomb - Senior Advisor, Coady Diemar Partners
  • Roger Peirce - Retired Vice Chairman & CEO, Super Steel Products Corporation
  • Ellen Siminoff - CEO,Shmoop, and Chairman, Efficient Frontier
  • Mary Ellen Stanek - Managing Director & Chief Investment Officer, Baird Advisors,Robert W. Baird & Co. Inc
  • Owen Sullivan - CEO, Right Management
  • Jeanette Tully - President and CEO, Radiovisa Corporation

References

[edit]
  1. ^abcde"Journal Communications, Inc. 2012 Annual Report". Journal Communications. RetrievedAugust 2, 2013.
  2. ^About Perry PrintingArchived 2006-08-18 at theWayback Machine, perryjudds.com; accessed January 22, 2015.
  3. ^Perry Printing sold to Milhous Group[dead link], google.com; accessed January 22, 2015.
  4. ^https://web.archive.org/web/20001018191045/http://www.journalcommunications.com/. Archived fromthe original on October 18, 2000. RetrievedJanuary 22, 2015.{{cite web}}:Missing or empty|title= (help)
  5. ^"Duel in Milwaukee", time.com, January 3, 1972.
  6. ^Hoffmann, Gregg."WisBiz In-Depth: Newspaper chain ownership explodes in state"Archived 2011-07-18 at theWayback Machine, wisbusiness.com, January 31, 2005.
  7. ^Miranda, Robert."Taking Sides: What¡Aquí! Milwaukee Really Represents"Archived 2008-07-24 at theWayback Machine, hispanicvista.com, June 6, 2005.
  8. ^Glauber, Bill (30 July 2014)."Journal, Scripps deal announced".Milwaukee Journal Sentinel. RetrievedJuly 30, 2014.
  9. ^"Journal, Scripps shareholders OK transaction; closing expected by early April".Milwaukee Business Journal. Retrieved11 March 2015.
  10. ^Gores, Paul (1 April 2015)."Journal, Scripps merger creates two closely aligned media companies".Milwaukee Journal-Sentinel. Retrieved3 April 2015.
  11. ^"Post-effective Amendment No. 1 to Form S-3 Registration Statement Under the Securities Act of 1933 Journal Communications, Inc".U.S. Securities and Exchange Commission. April 1, 2015. Retrieved2020-09-19.
  12. ^Yu, Roger (2015-10-07)."Gannett to buy Journal Media Group for $280 million".USA TODAY. Retrieved2018-11-25.
  13. ^Yu, Roger (April 7, 2016)."Gannett's acquisition of Journal Media Group approved".USA TODAY. Retrieved2016-04-08.
  14. ^White, Byron (June 28, 1977)."HUGO ZACCHINI, PETITIONER, V. SCRIPPS-HOWARD BROADCASTING COMPANY".Legal Information Institute.Cornell Law School. RetrievedApril 27, 2014.
  15. ^public record (November 8, 2008)."Tennessee Handgun Carry Permit Database".The Commercial Appeal. Memphis. Retrieved2009-06-29.
  16. ^"Significant Complaints"Archived 2011-09-29 at theWayback Machine, The Better Business Bureau of Ventura, Santa Barbara and San Luis Obispo Counties, Inc.
  17. ^"My Social Security Number Is Posted Where?".NPR. May 21, 2013. RetrievedMay 21, 2013.
  18. ^"Illinois AG to review online privacy breach".Knoxville News Sentinel. May 21, 2013. RetrievedMay 21, 2013.
  19. ^Board of Directors, phx.corporate-ir.net; accessed January 22, 2015.
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