This company logs a lot of time on the airwaves. Journal Broadcast Group is a leading local broadcaster with 34 radio stations and 15 TV stations operating in a dozen states. Its radio stations program a wide variety of formats, including news, talk, and sports, as well as different genres of music. They typically operate in clusters within markets, allowing the stations to combine certain back-office functions. The company's portfolio of TV stations includes affiliates of nearly all the major networks. Journal Broadcast Group is a subsidiary of diversified media company Journal Communications, the publisher of the Milwaukee Journal Sentinel.
Adding to its TV holdings, in late 2012 Journal Broadcast Group acquired Nashville's WTVF NewsChannel 5 Network, LLC, a CBS-affiliate with an ancillary news and digital channel. The station was acquired for $215 million in cash from Landmark Media Enterprises, LLC.