Journal Communications Inc., E.W. Scripps Co. announce deal

CREATED Jul 30, 2014 - UPDATED: Jul 31, 2014

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MILWAUKEE - Journal Communications and E.W. Scripps Co. announced a deal Wednesday to merge their broadcast properties as well as spin off their newspapers into a new company.

WTMJ-TV and WTMJ-AM will be merged into Scripps. The Scripps name will be retained, and according to the Journal Sentinel, the broadcast group will still be controlled by the Scripps family. Scripps will own 34 stations after the deal, and will be headquartered in Cincinnati.

The Milwaukee Journal Sentinel will be spun off into a new company called Journal Media Group, which will own 14 newspapers. That group will remain headquartered in Milwaukee.

Steve Wexler, who will lead the new Scripps radio division, welcomes the change.

"I'm looking forward to joining the Scripps team and continuing our work in radio, creating differentiated local content for listeners and creative solutions for advertisers," Wexler said. "As I've become familiar with their people and their culture, I'm confident that my team and I will feel right at home as we plan our future together."  

"Our radio team is energetic, creative, and successful.   We've worked hard to embody Journal's core values, and I'm so pleased that we'll be joining forces with a company that shares our strong beliefs in excellence and service.  In the time I've spent with the Scripps team, it's clear that we both have high standards and expectations, and our radio team is looking forward to this new chapter in our collective histories."  

For more information, visit the Journal Sentinel's website.