DAILY WISCONSIN

Milwaukee

Tyco merger gives Johnson Controls CEO Molinaroli an exit strategy

Alex Molinaroli will hand over the reins of Johnson Controls Inc. to Tyco International’s top executive 18 months after the big merger of the two companies is completed this fall.

That means Molinaroli, whose brief tenure as CEO of the state’s largest company has included wheeling and dealing as well as two personal scandals, will likely be in for a big payday and poised to leave on top.

In the weeks leading up to the merger, both Johnson Controls and Tyco International moved to put some troubling matters behind them, with Tyco reaching a settlement with the Internal Revenue Service over back taxes and Johnson Controls saying a law firm found no wrongdoing by Molinaroli in his involvement with convicted Ponzi schemer Joseph Zada.

Via Tyco merger gives Johnson Controls CEO Molinaroli an exit strategy @ JSOnline.

Goodbye, Local!

Gannett Co. Inc. said Wednesday it plans to buy Journal Media Group — the parent company of the Milwaukee Journal Sentinel — for about $280 million in cash.The deal, which is expected to close in the first quarter of 2016 if it receives regulatory and shareholder approval, adds Wisconsin’s biggest newspaper to Gannett, which already owns newspapers in Green Bay, the Fox Valley and other important markets in the state….

The agreement is part of an era of further consolidation in the U.S. newspaper industry, as newly pure-play newspaper companies take steps to meet the competitive threat of scaled digital news and advertising businesses, the companies said in a statement.When the deal is completed, Gannett, the parent company of USA Today, The Arizona Republic and The Indianapolis Star, will be in 116 U.S. markets and have a digital audience of more than 100 million unique visitors each month.

Via Gannett to buy Journal Media Group, parent of Journal Sentinel, for $280 million @ JSOnline.

Chief Flynn blames culture for murders

Because it just couldn’t be bad policing –

“Maintaining one’s status and credibility and honor, if you will, within that peer community is literally a matter of life and death,” Milwaukee’s police chief, Edward A. Flynn, said. “And that’s coupled with a very harsh reality, which is the mental calculation of those who live in that strata that it is more dangerous to get caught without their gun than to get caught with their gun.”

Via Murder Rates Rising Sharply in Many U.S. Cities @ NYT.