Journal Communications Sees Radio Revs Up Despite Down Year And Q4
February 23, 2012 at 8:32 AM (PT)
JOURNAL COMMUNICATIONS has announced results for its fourth quarter and full year ended DECEMBER 25th, 2011. The company reported radio revenue was up 2.4% excluding political, issue and Olympic advertising revenue.
For the fourth quarter, revenue of $95.0 million decreased 8.3% compared to $103.7 million. Operating earnings of $14.2 million decreased 24.6% compared to $18.8 million primarily due to lower political and issue advertising.
For the full year, revenue from continuing operations of $356.8 million decreased 5.3% compared to $376.8 million. Operating earnings of $39.8 million decreased 25.0% compared to $53.0 million.