Earnings: Journal Communications' Q3 Loss Widens, Revs Fall 5.6 Percent; Interactive Up 16 Percent

This story was written by David Kaplan.
While Journal Communications' total interactive revenue was up almost 16 percent in Q3, as usual, that was not enough to counter the losses on the newspaper publisher's print side. The Milwaukee company's Q3 revenue was $136.3 million, a 5.6 percent decline compared to $144.4 million last year. Journal Communications' net loss grew to $17.1 million during the period, compared to Q307's $13.1 million.

The publisher of the Milwaukee Journal Sentinel, its only daily (it owns a few weekly community papers) said interactive ad revenue at the newspaper rose 14.1 percent to $3.8 million compared to Q307's $3.4 million. Overall, publishing revenue fell 8.8 percent to $59.4 million Broadcast revenue was basically flat at $54 million, while revenue at its radio properties was down 3.3 percent to $21.7 million.

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By David Kaplan