Journal wants to go public

By John Eggerton -- Broadcasting & Cable, 5/16/2003 5:42:00 AM

Journal Broadcasting has made a preliminary filing with the Securities and Exchange Commission outlining its plan to take the company public.

It wants to use the money from an initial public offering for acquisitions.

Citing the SEC "quiet period," a company spokesman said he could not characterize those acquisitions or comment on whether they might include newspaper/TV combinations.

Journal already owns one grandfathered combo in Milwaukee (WTMJ-TV and WPXE-TV and the Milwaukee Journal Sentinel), and the Federal Communications Commission is generally believed to be preparing to lift the ban on such combos in the top-100 markets.

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