| Journal Broadcast Group Announces Sale of KOMJ-AM in the Miscellaneous forum at Todd and Tyler Unauthorized Forums - MILWAUKEE--(BUSINESS WIRE)--Jan. 23, 2007--Journal Broadcast Group (JBG) today announced that it has agreed to sell KOMJ-AM, &... |
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01-23-2007
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| Sith Chef    Listens: Z92 - Mornings Join Date: May 2005 Location: CBIA Age: 38
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| Journal Broadcast Group Announces Sale of KOMJ-AM MILWAUKEE--(BUSINESS WIRE)--Jan. 23, 2007--Journal Broadcast Group (JBG) today announced that it has agreed to sell KOMJ-AM, "Magic 1490," to Cochise Broadcasting LLC. Terms of the sale were not disclosed. Journal Broadcast Group is a Journal Communications' (NYSE:JRN) company. The sale was announced today by Doug Kiel, president of Journal Communications Inc. and vice chairman and CEO of the Journal Broadcast Group. "Upon closing, Journal Broadcast Group will own and operate five radio stations in the Omaha market. The sale of KOMJ enables Journal Broadcast Group to complete the purchase of KMTV-TV, Channel 3, from Emmis Communications," Kiel stated. Journal Broadcast Group has been operating KMTV under a local marketing agreement since December 5, 2005. The transaction was brokered by Kalil & Company, Inc. Both the sale of KOMJ-AM and the purchase of KMTV-TV are subject to regulatory approval. --- Original Article: Journal Communications, Inc. - News Release Source: Journal Communications, Inc. |
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