Journal CEO: No plans to go privateDon Day | May 19, 2008
At Journal Communications’ annual meeting earlier this month, CEO Steven Smith told a crowd that there is no plan to take the newspaper/TV/radio conglomerate private. Smith bought back nearly 20 million shares, leading to the speculation, according to the Associated Press.
The AP’s wording does seem to leave the door open a crack, however:
…Smith told shareholders at the company’s annual meeting in Milwaukee that talk of the company going private is only speculation and the board has no immediate plans to do so.