Channel 5 buyer bolsters TV station portfolio

Journal Communications Inc. — the Milwaukee-based media company that has agreed to pay Landmark Media Enterprises $215 million for WTVF NewsChannel 5 Network — is highlighted by a relatively quick rise to prominence with its television station portfolio.

For example, the publicly traded JCI (Ticker: JRN) formed in 1972 and bought it first station, KTNV-TV in Las Vegas, in 1979. Another acquisition did not follow until 1985 and then not again until 1999. But since 2002, Journal has undertaken an assertive acquisition path, purchasing 10 TV stations in 10 years, including WTVF.

Of note, Journal’s board comprises folks with interesting backgrounds. David Drury, a Brit, is a professional cricket player. Ellen Siminoff was a founding executive and senior vice president of Yahoo. Jonathan Newcomb, a senior advisor with Coady Diemar Partners, is a decorated veteran of the Viet Nam War. And Jeanette Tulley is president and CEO of Radiovisa Corp., a Spanish-language radio company. 

Steven J. Smith serves as Journal’s board chair and CEO. According to Bloomberg Businessweek, Smith’s total calculated compensation in fiscal year 2011 was approximately $2.2 million.

Sep 5, 2012 1:00 PM

NewsChannel 5 sold to Milwaukee company

Market-leading station fetches more than $200M
Sep 4, 2012 10:24 AM

On the move: 28 March 2011

Money manager names three principals, SESAC names royalty VP, development execs for Make-A-Wish and architecture firm, and more...
Mar 28, 2011 12:01 AM

Greer ranked 7th among minor league ball fields

Livability.com has ranked the home of the Nashville Sounds as the No. 7 best minor league baseball stadium in its look at the top 10 ballparks that are "full of charm and magnetism, making them worth a visit for baseball enthusiasts and curiosity seekers alike."

Ranking at the top of the list, available here, are Whataburger Field in Corpus Christi, Texas, and Fieldcrest Cannon Stadium in Kannapolis, N.C.

Here's the website's write up of Herschel Greer Stadium:

Herschel Greer Stadium, home of the Class AAA Nashville Sounds of the Pacific Coast League, is actually located on the grounds of Fort Negley, an American Civil War fortification in Nashville, TN.The stadium opened in 1978 and can seat 10,300 people, and is best recognized by a distinctive guitar-shaped scoreboard that displays the line score across the neck. Greer Stadium has been the site of eight no-hit games – including one perfect game – as well as a 24-inning game that tied the record for the longest game in PCL history.

(Of course, Livability.com may be just a bit biased, given that it's a subsidiary of Franklin, Tenn.-based Journal Communications.)

Mar 24, 2011 1:18 PM

On the move: 21 February 2011

A finance VP for Beacon, PHS and Bohan add biz dev directors, and more... [From our print edition featured in Monday's City Paper]
Feb 19, 2011 3:25 PM

Locals launch livability portal

Custom publisher Journal Communications has unveiled Livability.com, a site that brings together oodles of data and info on the quality of life for more than 200 U.S. cities. The venture is being financially supported by two moving companies.
Feb 3, 2010 11:32 AM

Journal wins San Antonio contract

The local custom publisher is working with a council of cities and counties in the San Antonio area to market print and online tourism and economic development materials.
Dec 17, 2009 9:37 AM
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Custom publisher calls Crye-Leike, former employee copycats

UPDATED with comments from former employee
Franklin's Journal Communications claims former employee set up his own competing company while still on the payroll and wooed away a valuable customer
Jun 11, 2007 2:57 PM