Journal Communications Revs Off 3.5% In Q1
April 19, 2011 at 7:15 AM (PT)
JOURNAL COMMUNICATIONS has reported financial results for its first quarter ended MARCH 27th, 2011. The company reported revenue of $83.9 million decreased 3.5% compared to 2010 Q1 of $86.9 million. Operating earnings of $6.0 million decreased 35.8% compared to $9.4 million. Earnings from discontinued operations were $0.3 million. Net earnings were $3.4 million compared to $5.3 million.
"JOURNAL COMMUNICATIONS reported a solid first quarter. While overall revenue was down in the first quarter compared to the first quarter of 2010, we were pleased to report both local and national advertising revenue growth in broadcast," said Chairman/CEO STEVEN SMITH. "We benefited from additional revenue at both our broadcast and publishing businesses related to the GREEN BAY PACKERS' 'Road to the Super Bowl' and the political battles in the state of WISCONSIN. Our complete coverage of these events has driven record level page views on JSOnline.com."