Earnings: Journal Communications Q2 Revs Down 5 Percent
This story was written by Joseph Weisenthal.
For a newspaper company, this wasn't the worst quarter Journal Communications (NYSE: JRN), parent of the Milwaukee Journal Sentinel, announced Q2 revenue of $140.1 million, a decrease of 5 percent from $147.5 million in the year-ago quarter. Income from continuing ops fell 29.7 percent to $9 million ($.16 per share) from $12.7 million a year ago ($.19 per share). Online revenue grew 15.9 percent, which is faster than many of its peers, but only to $4.7 million, so a small slice of the pie.
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By Joseph Weisenthal