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 StatementsThis 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.