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.
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.)
Franklin's Journal Communications claims former employee set up his own competing company while still on the payroll and wooed away a valuable customer