Earlier tonight new broke that Journal Communications, the parent company of the Milwaukee Journal Sentinel, has been purchased by the E.W. Scripps Co. out of Cincinnati.
Two storied media firms, Journal Communications Inc. of Milwaukee and E.W. Scripps Co. of Cincinnati, announced Wednesday evening an agreement to merge their broadcast operations while spinning off their newspapers into a separate company.
Under the deal, the Milwaukee Journal Sentinel will serve as the flagship of a new public company, Journal Media Group, which will be headquartered in Milwaukee.
Meanwhile, Journal Communications’ broadcast assets, including WTMJ radio and television, will be folded into Scripps, with the headquarters in Cincinnati. The E.W. Scripps Co. name will be retained and the firm will remain controlled by the Scripps Family.
As James Rowen of The Political Environment has wondered, will this new company and its corporate owners in Cincinnati have any use for the Right Wisconsin website and Charlie Sykes? I’m betting the answer is a million percent yes, provided there’s a profit to be squeezed out of Right Wisconsin and/or Sykes.