Media Bureau Approves Journal/Scripps Deal Spin-Off
The FCC Media Bureau approved a Journal Communications and E.W. Scripps plan to combine their broadcast operations into one company and spin off and join their newspapers into another, according to a letter released Friday. Journal agreed to divest one…
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of six radio stations it owns in the Wichita, Kansas, area and KNIN-TV Caldwell, Idaho, to comply with FCC ownership rules, the letter said. The divested stations will be assigned to a trust that will be required within six months to either sell the stations or, if possible, put them into the incentive auction. Otherwise, the stations licenses will be canceled, the bureau said. Scripps will also be granted a failing station waiver in the Green Bay, Wisconsin, designated market area, the letter said. The all-stock transaction will result in Scripps owning 33 TV stations and 34 radio stations, while Journal Media Group will cover 14 markets with the combined newspapers, the companies said in a July news release announcing the deal.