Journal Broadcast Sells KFTI-FM To Envision - Quick Facts

(RTTNews) - Journal Broadcast Group, Inc., a subsidiary of Journal Communications, Inc. (JRN) Friday said it has agreed to sell radio station KFTI-FM, 92.3, in Wichita to Envision Broadcast Network, LLC, which is affiliated with Envision, Inc.

Envision is a not-for-profit organization that promotes nationwide advocacy and independence for those who are blind or visually impaired. The transaction is expected to close in 2015.

Envision plans to use the station to broadcast blind and visually impaired messaging while sharing its initiatives in a traditional radio station format including a morning show and other mainstream segments.

In addition, Envision plans to provide support to other not-for-profit organizations in the region by sharing their messages with the community.

Journal Broadcast Group is required to divest one FM station in its Wichita cluster as a result of the announced transaction between Journal Communications and The E.W. Scripps Company, in order to comply with the FCC's ownership limits.