Shareholders Foundation, Inc.

Journal Communications, Inc. (NYSE:JRN) Investor Alert: Investigation of Takeover by E.W. Scripps Co.

An investigation on behalf of investors of Journal Communications, Inc. (NYSE:JRN) in connection with the proposed takeover was announced and NYSE:JRN stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 08/13/2014 -- An investigation on behalf of investors, who currently hold shares of Journal Communications, Inc. (NYSE:JRN), was announced concerning whether the takeover of Journal Communications by E.W. Scripps Co. is unfair to NYSE:JRN stockholders.

Investors who purchased shares of Journal Communications, Inc. (NYSE:JRN) and currently hold any of those NYSE:JRN shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain officers and directors of Journal Communications, Inc. breached their fiduciary duties owed toNYSE:JRN investors in connection with the proposed acquisition.

On July 30, 2014, it was reported that Journal Communications and E.W. Scripps Co. announced a deal to merge their broadcast properties as well as spin off their newspapers into a new company. Journal Communications, Inc.’s Class A and Class B shareholders will receive 0.5176 Scripps Class A Common shares and 0.1950 shares in Journal Media Group for each Journal Communications share. Scripps shareholders will receive 0.2500 shares in Journal Media Group for each Class A Common Share and each Common Voting Share they hold in Scripps.
However, the investigation concerns whether the offer is unfair to NYSE:JRN stockholders. More specifically, the investigation concerns whether the Journal Communications Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Journal Communications, Inc. reported that its Total Revenue rose from $351.45 million for the 52 weeks period that ended on Dec. 25, 2011 to $397.27 million for the 52 weeks period that ended on Dec. 29, 2013.

Shares of Journal Communications, Inc. (NYSE:JRN) grew from $0.49 per share in March 2009 to as high as $9.66 per share in November 2013.

On August 11, 2014, NYSE:JRN shares closed at $9.47 per share.

Those who are current investors in Journal Communications, Inc. (NYSE:JRN) shares have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com