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.
© 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.