Journal Declares Dividend, Elects New Board Member
July 10, 2007 at 12:10 PM (PT)
JOURNAL COMMUNICATIONS' board has declared a quarterly dividend of 7.5 cents per share on all of its class A and class B shares, payable SEPTEMBER 7 to shareholders of record as of AUGUST 28.
The company has also elected RIGHT MANAGEMENT CEO/MANOPOWER INC. EVP OWEN SULLIVAN to the Board of Directors. The addition of SULLIVAN increases the size of JOURNAL's Board of Directors to 10 members.
"We are very pleased to welcome OWEN SULLIVAN to the JOURNAL COMMUNICATIONS’ Board of Directors," said Chairman/CEO STEVEN J. SMITH. "OWEN's business management experience in finance, technology, strategic planning and sales and marketing brings added strength to our Board."
"For many years, I have been impressed with the strong brand of JOURNAL COMMUNICATIONS and its excellent newspaper, television and radio operations," SULLIVAN commented. "I am excited about the opportunity to help shape strategies for growth in the businesses across JOURNAL’s geographic footprint."
Meanwhile, the company has closed on the sale of its OHIO weekly shopper papers and ADVANTAGE PRESS commercial printing operations to GANNETT and its LOUISIANA PUBLISHING GROUP shopper and car classified publication company to TARGET MEDIA PARTNERS.