E.W. Scripps Co. and Journal Communications announced an agreement Wednesday night to combine their broadcast assets and turn their newspapers into a separate company, Bill Glauber reports in the Milwaukee Journal Sentinel.
Among the 15 newspapers that the new Journal Media Group will hold: The (Memphis, Tennessee) Commercial Appeal, the Knoxville (Tennessee) News Sentinel and the Kitsap Sun of Bremerton, Washington. All of those were previously owned by Scripps; the Journal Sentinel is Journal Communications’ biggest paper.
With 35 stations, Scripps will become the fifth-largest independent TV group in the country after the deal goes through. It also picks up Journal Communications’ 34 radio stations.