Journal Communications, Scripps Co. announce deal

Freeman Staff

July 31, 2014

MILWAUKEE  - Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati have announced an agreement to merge broadcasting operations while spinning off newspaper holdings into a separate public company.  

As part of the deal announced by the companies Wednesday, the newspaper component, Journal Media Group, will be headquartered in Milwaukee.   

Journal Media Group will include the Journal Sentinel and Scripps newspapers, including the Memphis Commercial Appeal, and others.   

Meanwhile, Journal Communicationsí broadcast assets will be folded into Scripps, with headquarters remaining in Cincinnati.  

Scripps will reportedly emerge from the deal as the nationís fifth-largest independent TV group, with 34 stations.   

 News releases say both companiesí boards of directors approved the deal. It is expected to close in 2015.