No more Scripps newspapers

E.W. Scripps and (Milwaukee) Journal Communications will merge and then create separate companies for their newspaper and broadcast operations.

The merged broadcast and digital media company, based in Cincinnati, will retain The E.W. Scripps Company name, and the Scripps family shareholders will retain voting control. The company will have 4,000 employees across its television, radio and digital media operations with expected annual revenue of $800 million. 

The newspaper company will be called Journal Media Group and will combine Scripps’ daily newspapers, community publications and related digital products in 13 markets with Journal Communications’ Milwaukee Journal Sentinel, Wisconsin community publications and affiliated digital products. The company, with expected annual revenue of more than $500 million and 3,600 employees, will be headquartered in Milwaukee. 

Edward Wills Scripps founded his company in 1922. In 2008 Scripps divided its empire into separate companies for newspapers/TV stations/licensing, syndication and its cable channels such as the Food Network.

Scripps once owned the Cleveland Press, which died in 1982, and the Columbus Citizen-Journal, which also folded, and the Youngstown Telegram, which was absorbed by the Youngstown Vindicator.

To read the entire article, click on http://www.scripps.com/press/details?id=1357