Shareholders approve merger between E.W. Scripps and Journal Communications

Freeman Staff

March 11, 2015

MILWAUKEE — During two separate meetings held Wednesday, the shareholders for E.W. Scripps Company and Journal Communications approved previously announced spinoffs and mergers for the companies.

As part of the agreement, Scripps and Journal Communications will merge their broadcast operations to create a larger entity that will be called The E.W. Scripps Company, while also spinning off and merging their newspaper operations to form a new publicly traded company called Journal Media Group, according to the announcement Wednesday.

The Scripps family shareholders will continue to have voting control of E.W. Scripps Company, which will have approximately 4,000 employees across its television, radio and digital media operations.
The transactions are expected to close early in the second quarter of 2015.

Journal Media Group will combine Scripps’ daily newspapers, community publications and related digital products with Journal Communications’ Milwaukee Journal Sentinel, Wisconsin community publications and affiliated digital products. The company, with approximately 3,600 employees, will operate in 14 markets and be headquartered in Milwaukee, according to the announcement.

www.scripps.com