Journal Communications Extends Stock Buyback Plan
December 12, 2013 at 4:21 AM (PT)
JOURNAL COMMUNICATIONS, INC. has extended its share repurchase program until the end of fiscal 2015. The buyback program was announced in JULY 2011 and allows for the repurchase of up to $45 million of outstanding class A and/or class B common stock and was originally intended to expire at the end of fiscal year 2013.
So far, the company has repurchased approximately $7.6 million of its class A common stock under the program. As of OCTOBER 25th, JOURNAL had 44.6 million shares of class A and 6.3 million shares of class B common stock outstanding.