Market Overview

Journal Communications to Purchase NewsChannel 5, WTVF TV, Nashville, Tennessee from Landmark Media

Journal Communications, Inc. (NYSE: JRN) of Milwaukee, Wisconsin announced today that its Journal Broadcast Group subsidiary has entered into a definitive agreement to purchase WTVF NewsChannel 5 Network, a CBS-affiliated station with an ancillary news and digital channel as well as a market leading internet property, owned by Landmark Media Enterprises, LLC ("Landmark") for $215 million in cash plus a working capital adjustment at closing. Closing is subject to FCC approval.

Posted-In: News Asset Sales

 

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