Journal Radio Revenues Down Significantly
February 13, 2008 at 10:07 AM (PT)
JOURNAL COMMUNICATIONS announced that for the twelfth period ended DECEMBER 30, 2007, total revenues from continuing operations for its Publishing and Broadcast groups of $44.58 million decreased 23.1% compared to $58.01 million reported for the twelfth period ended December 31, 2006, largely reflecting the impact of an extra week in the 2006 twelfth period.
At the Broadcasting segment, total revenue at the Company’s radio and television stations of $20.25 million decreased 21.2% compared to $25.71 million. Excluding the extra week, broadcast revenues decreased 8.3%, in part reflecting the timing of sports broadcasts. At the radio group, revenue of $7.9 million was down 21.1% compared to $10.05 million. Excluding the extra week, radio revenue decreased 9.8%, due to weakness in local and national advertising.