Journal Broadcast Corporation, a subsidiary of Journal Communications, Inc. (NYSE:JRN), today announced that it has reached an agreement to purchase 100.3 WNOX FM, licensed to Oak Ridge, TN, in the Knoxville, TN market from Oak Ridge FM, Inc. The transaction is subject to FCC approval. Terms of the transaction were not disclosed.
“This is a great opportunity for us to add to our Knoxville cluster,” said Steven Smith, Chairman and CEO of Journal Communications. “Knoxville is a strong market for Journal with an exceptional team. The addition of WNOX will help us expand our reach to listeners and customers in this community.”
Journal Broadcast Group owns three radio stations in Knoxville, Tennessee including WCYQ-FM Q93 (Country), WWST-FM Star 102.1 (Contemporary), and WKHT-FM Hot 104.5 (Contemporary).
Forward-looking StatementsThis press release may contain 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 in our most recent Quarterly Report on Form 10-Q 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 television and radio broadcasting, publishing and interactive media. We own and operate 15 television stations and 35 radio 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.
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