Journal Reports Overall Revenues Down; Radio Up
February 28, 2008 at 6:40 AM (PT)
JOURNAL COMMUNICATIONS, INC. reported that for the first period ended JANUARY 27th, 2008, total revenues for its Publishing and Broadcast groups of $31.92 million decreased 3.1% compared to $32.96 million reported for the first period ended JANUARY 28th, 2007, due in large part to continued weakness in classified advertising revenue at the daily newspaper. For the first period 2008, advertising revenues of $26.93 million decreased 3.6% compared to $27.94 million for the 2007 first period. Both periods contained 28 days.
At the Broadcasting segment, total revenue at the Company’s radio and television stations of $13.90 million decreased 0.8% compared to $14.01 million. At the radio group, revenue of $4.92 million was up 1.3% compared to $4.86 million.