Journal Broadcast Group Closes on Sale of Palm Springs TV Stations KMIR and KPSE to OTA Broadcasting

MILWAUKEE--(BUSINESS WIRE)--Journal Broadcast Group, Inc., a subsidiary of Journal Communications, Inc. (NYSE: JRN), today announced the closing of the sale of television stations KMIR-TV (an NBC affiliate) and My 13 KPSE TV (a MyNetwork affiliate) in Palm Springs, Calif., to OTA Broadcasting (PSP), LLC, an affiliate of Virginia-based OTA Broadcasting, LLC, for $17 million in cash.