Journal Media Group

Journal Media Group
FormerlyThe Journal Company
Journal Communications
Company typePublic
NYSE: JMG
IndustryMedia
Founded1882; 142 years ago (1882)
DefunctApril 8, 2016; 8 years ago (2016-04-08)
FateAcquired by Gannett
Broadcast assets acquired by E. W. Scripps Company
SuccessorGannett Company
E. W. Scripps Company
Headquarters
Milwaukee, Wisconsin
,
United States
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 (formerly Journal Communications) was a Milwaukee, Wisconsin-based newspaper publishing company. The company's roots were first established in 1882 as the owner of its namesake, the Milwaukee Journal, and expanded into broadcasting with the establishment of WTMJ radio and WTMJ-TV, and the acquisition of other television and radio stations.

On April 1, 2015, the E. W. Scripps Company acquired Journal Communications, and spun 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 by Gannett.

History

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The Milwaukee Journal was started in 1882, in competition with four other English-language, four German- and two Polish-language dailies. It launched WTMJ-AM (620) in 1927, and WTMJ-TV (Channel 4) in 1947. The Journal Company, until then primarily owned by local interests, introduced an employee 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 to Harvard to fund the Nieman Fellowship program for promising journalists, and another bloc was still held by the original owning families until the IPO.

The Milwaukee Sentinel, begun in 1837 as a weekly published by city co-founder Solomon Juneau, passed through the hands of several owners before being sold to the Hearst 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, and goodwill associated with the name. In 1995 the Journal and Sentinel were consolidated. The new Journal 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 of Delaware. 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 in Waupaca, 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 in Louisiana, Ohio, Connecticut and Vermont. 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 to Hersam Acorn Newspapers. In Ohio, Journal sold eight shoppers, numerous specialty print products and the Advantage Press commercial printing business to Gannett 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 its initial public offering of Class A shares in 2003. For decades, Journal Communications was criticized[5][6] with concerns about being a media monopoly in the Milwaukee area. It created the now-defunct alternative papers MKE and ¡Aqui! Milwaukee to regain advertising dollars lost to local independents like the Shepherd Express and the Milwaukee Spanish Journal.[7]

As Journal Media Group

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On July 30, 2014, it was announced that Journal would be acquired by the E. 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 that Gannett would acquire Journal Media Group for $280 million.[12] The deal was finalized on April 8, 2016.[13]

Former assets

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Newspapers

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Community Publishing Group

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Florida

Wisconsin

Other holdings

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  • IPC Print Services
  • PrimeNet

Television stations

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Stations are arranged alphabetically by city of license.

  • (**) – Indicates station was built and signed on by Journal.
City of license / Market Station Channel Years owned Current status
Appleton–Green Bay, WI WACY-TV 32 2012–2015[a] Independent station owned by the E. W. Scripps Company
Caldwell–Boise, ID KNIN-TV 9 2009–2015 Fox affiliate owned by Marquee Broadcasting
Cape Coral–Fort Myers–Naples, FL WFTX-TV 36 2005–2015 Fox affiliate owned by the E. W. Scripps Company
Green Bay, WI WGBA-TV 26 2004–2015 NBC affiliate owned by the E. W. Scripps Company
Lansing, MI WSYM-TV 47 1985–2015 Fox affiliate owned by the E. W. Scripps Company
Las Vegas, NV KTNV-TV 13 1979–2015 ABC affiliate owned by the E. W. Scripps Company
Milwaukee, WI WTMJ-TV ** 4 1947–2015 NBC affiliate owned by the E. W. Scripps Company
Nampa–Boise, ID KIVI-TV 6 2002–2015 ABC affiliate owned by the E. W. Scripps Company.
Nashville, TN WTVF 5 2012–2015 CBS affiliate owned by the E. W. Scripps Company
Omaha, NE KMTV-TV 3 2007–2015 CBS affiliate owned by the E. W. Scripps Company
Palm Springs, CA KMIR-TV 36 1999–2014 NBC affiliate owned by Entravision Communications
Palm Springs, CA KPSE-LP 50 2008–2014 MyNetworkTV affiliate KPSE-LD, owned by
Entravision Communications
Sierra Vista, AZ KWBA-TV 58 2008–2015 Independent station owned by the E. W. Scripps Company
Sturgeon Bay, WI WLWK-CD[A] 22 2004–2015 NBC affiliate owned by the E. W. Scripps Company
Tucson, AZ KGUN-TV 9 2005–2015 ABC affiliate owned by the E. W. Scripps Company
Twin Falls, ID KSAW-LD[B] 6 2002–2015 ABC 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

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  • (**) – Indicates station was built and signed on by Journal.
AM Station FM Station
City of license / Market Station Years owned Current status
Boise, ID KGEM 1140 1998–2009 Owned by Salt & Light Radio
KSRV 1380 1998–2000 Defunct, ceased operations in 2019 as KBXN
KCID 1490 1998–2009 Owned by Salt & Light Radio
KRVB 94.9 –2015 Owned by Lotus Communications
KSRV-FM 96.1 1998–2000 Owned by Iliad Media Group
KQXR 100.3 1998–2015 Owned by Lotus Communications
KJOR/KJOT 105.1 1998–2015 Owned by Lotus Communications
KCID-FM/KTHI 107.1 1998–2015 Owned by Lotus Communications
Kansas City, MO KCWV/KRVK/KQRC-FM 98.9 1989–1997 Owned by Audacy, Inc.
Knoxville, TN WQBB/WKTI 1040 1998–2012 WJBE, owned by Joe E. Armstrong
WWST/WMYU/WCYQ/
WNOX 93.1 		1997–2015 Owned by SummitMedia
WNOX/WCYQ 100.3 2013–2015 Owned by SummitMedia
WMYU/WWST 102.1 1997–2015 Owned by SummitMedia
WQBB-FM/WQIX/
WBON/WKHT 104.5 		1998–2015 Owned by SummitMedia
Milwaukee, WI WTMJ 620 1927–2015 Owned by Good Karma Brands
WTMJ-FM/WKTI-FM/
WLWK-FM 94.5 ** 		1959–2015 WKTI, owned by Good Karma Brands
Omaha, NE WOW/KOMJ/KXSP 590 1998–2015 Owned by SummitMedia
KBBX/KHLP 1420 1998–2005 KXCB, owned by Steven Seline
KEZO/KOSR/KOMJ 1490 1995–2005 KIBM, owned by Steven Seline
KEZO-FM 92.3 1995–2015 Owned by SummitMedia
WOW-FM/KSSO/KMXM/
KQCH 94.1 		1998–2015 Owned by SummitMedia
KOSJ/KEZY/KQCH/
KBBX-FM 97.7 		1996–2006 Owned by Flood Communications
KSRZ 104.5 1998–2015 Owned by SummitMedia
KKCD 105.9 1995–2015 Owned by SummitMedia
Springfield, MO KTTS/KTTF/KSGF 1260 1998–2015 Owned by SummitMedia
KTTS-FM 94.7 1998–2015 Owned by SummitMedia
KLTQ/KMXH/KSPW 96.5 1998–2015 Owned by SummitMedia
KZRQ/KSGF-FM 104.1 1999–2015 Owned by SummitMedia
KRVI 106.7 1999–2015 Owned by SummitMedia
Tucson, AZ KNND/KFFN 1490 1995–2018 Owned by Lotus Communications
KMXZ-FM 94.9 1995–2015 Owned by Lotus Communications
KKHJ/KZPT/KQTH 104.1 ** 1994–2015 KFLT-FM, owned by Family Life Broadcasting
KLQB/KIXD/KGMG/
KTGV 106.3 		1998–2015 Owned by Bustos Media
Tulsa, OK KVOO/KFAQ 1170 1998–2015 KOTV, owned by Griffin Communications
KBEZ 92.9 2012–2015 Owned by Griffin Communications
KVOO-FM 98.5 1998–2015 Owned by Griffin Communications
KCKI/KXBL 99.5 1998–2015 Owned by Griffin Communications
KHTT 106.9 2012–2015 Owned by Griffin Communications
Wichita, KS KFDI/KFTI/KLIO 1070 1998–2015 KFTI, owned by SummitMedia
KMXW/KFTI-FM 92.3 1999–2015 KKGQ, owned by Union Broadcasting
KICT-FM 95.1 1998–2015 Owned by SummitMedia
KFDI-FM 101.3 1998–2015 Owned by SummitMedia
KLLS/KFXJ 104.5 1998–2015 Owned by SummitMedia
KYQQ 106.5 1998–2015 Owned by SummitMedia
Wausau, WI WSAU 550 1985–1996 Owned by Midwest Communications
WSAU 1400 1947–1951 WRIG (1390 AM), owned by Midwest Communications
WSAU-FM 95.5 ** 1947–1950 Defunct, ceased operations in 1950
WIFC 95.5 1985–1996 Owned by Midwest Communications

Controversies

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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 a human cannonball act in 1972 at the Geauga County Fair in Burton, Ohio. Scripps television station WEWS-TV recorded and aired the entire act against his wishes and without compensating him, as was required by Ohio law. In Zacchini v. Scripps-Howard Broadcasting Co., the U.S. Supreme Court ruled that the First Amendment did not shield the broadcaster from liability from common 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 in Tennessee, but had not previously been posted online.

Scripps owns and operates the Ventura 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 the Computer Fraud and Abuse Act.[17] The Illinois Attorney General Lisa Madigan subsequently announced an investigation into the two companies.[18]

Board of directors

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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

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  1. ^ a b c d e "Journal Communications, Inc. 2012 Annual Report". Journal Communications. Retrieved August 2, 2013.
  2. ^ About Perry Printing, perryjudds.com; accessed January 22, 2015.
  3. ^ Perry Printing sold to Milhous Group[dead link‍], google.com; accessed January 22, 2015.
  4. ^ http://www.journalcommunications.com. Retrieved January 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 the Wayback Machine, wisbusiness.com, January 31, 2005.
  7. ^ Miranda, Robert. "Taking Sides: What ¡Aquí! Milwaukee Really Represents" Archived 2008-07-24 at the Wayback Machine, hispanicvista.com, June 6, 2005.
  8. ^ Glauber, Bill (30 July 2014). "Journal, Scripps deal announced". Milwaukee Journal Sentinel. Retrieved July 30, 2014.
  9. ^ "Journal, Scripps shareholders OK transaction; closing expected by early April". Milwaukee Business Journal. Retrieved 11 March 2015.
  10. ^ Gores, Paul (1 April 2015). "Journal, Scripps merger creates two closely aligned media companies". Milwaukee Journal-Sentinel. Retrieved 3 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. Retrieved 2020-09-19.
  12. ^ Yu, Roger (2015-10-07). "Gannett to buy Journal Media Group for $280 million". USA TODAY. Retrieved 2018-11-25.
  13. ^ "Gannett's acquisition of Journal Media Group approved". USA TODAY. Retrieved 2016-04-08.
  14. ^ White, Byron (June 28, 1977). "HUGO ZACCHINI, PETITIONER, V. SCRIPPS-HOWARD BROADCASTING COMPANY". Legal Information Institute. Cornell Law School. Retrieved April 27, 2014.
  15. ^ public record (November 8, 2008). "Tennessee Handgun Carry Permit Database". The Commercial Appeal. Memphis. Retrieved 2009-06-29.
  16. ^ "Significant Complaints" Archived 2011-09-29 at the Wayback 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. Retrieved May 21, 2013.
  18. ^ "Illinois AG to review online privacy breach". Knoxville News Sentinel. May 21, 2013. Retrieved May 21, 2013.
  19. ^ Board of Directors, phx.corporate-ir.net; accessed January 22, 2015.
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