Morgan Murphy Media Invests In Good Karma Brands' WTMJ-WKTI/Milwaukee Purchase

Investor

CRAIG KARMAZIN's GOOD KARMA BRANDS has taken on additional partner/investors to complete the purchase of Country WKTI and News-Talk WTMJ-A-W277CV/MILWAUKEE from THE E.W. SCRIPPS CO., with MORGAN MURPHY MEDIA joining the local investors helping finance the deal. Other investors in the acquisition include T&M PARTNERS, LLC Chairman/CEO TED KELLNER; WEC ENERGY GROUP Chairman/CEO GALE KLAPPA and JUDI KLAPPA; MARCUS INVESTMENTS CEO DAVID MARCUS; and MARCUS CORPORATION CEO GREG MARCUS.

“CRAIG and his team at GOOD KARMA BRANDS truly understand what it means to serve a local community,” said MORGAN MURPHY MEDIA EVP/COO BRIAN BURNS. “We are excited to be in business with a group of people we’ve known for years who have an outstanding track record of success.” Added KARMAZIN, “We’re thrilled to welcome longtime friends, business partners, and members of the community to the GOOD KARMA BRANDS team. The addition of prominent local investors will further our relationship with the MILWAUKEE community, and paired with [returning GM] STEVE WEXLER's leadership, will help guide our businesses to greater heights. GOOD KARMA’s focus has always been serving our marketing partners, fans, and teammates, and today’s announcement is a huge boost for all three.”

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