The merger between Scripps and Journal Communications is complete.
On April Fools Day, the companies have announced that Scripps and Journal simultaneously spun off and merged their newspaper operations to form Journal Media Group and immediately thereafter merged their broadcast operations, making Scripps one of the nation’s largest independent TV station owners.
“Beginning today, the platform for our quality journalism and information products is a diverse group of local media brands – television, radio and digital – and we will reach nearly one in five U.S. television households,” said Rich Boehne, Scripps chairman, president and CEO. “We have a big voice that we will continue to use to create and distribute great content and marketing messages that build brand and sales for our advertisers.”
In other words, it's all about the money.