Dan Monk:
The deal calls for Milwaukee, Wisc. –based Journal Communications Inc. to merge its 13 television stations and 35 radio stations into Cincinnati-based Scripps. Both companies will spin off their newspaper assets into a new publicly-traded company, Journal Media Group.
The deal is subject to the approval of shareholders and regulators. It is expected to close in 2015.
Big news in the journalism world, but no one else will notice the re-arranged deck chairs.