Posted on 03/23/2007 4:21:01 PM PDT by Milhous
Journal Communications February Revenue Drops on Weakness in Publishing, Broadcasting
MILWAUKEE (AP) -- Publisher and broadcaster Journal Communications Inc. said Wednesday that total February revenues fell 3.5 percent on weakness in publishing and broadcasting and the absence of Olympic revenue.
Sales at the daily newspaper and community newspaper and shopper segment declined last month to $22.9 million from $24 million in the year-ago period.
Monthly advertising revenue slid 4.6 percent to $32.6 million from $34.2 million.
The company said its total revenue and ad sales in February 2006 benefited by $1.8 million from the first 10 days of the Winter Olympics.
Revenue from the company's publishing segment, which includes its daily newspaper, the Milwaukee Journal Sentinel, community newspapers and shoppers operations, sagged 4.4 percent to $22.9 million.
Advertising revenue at the Journal Sentinel slipped 5 percent to $12.2 million.
February revenue at radio and television stations in the company's broadcast segment dropped 2.1 percent to $16.3 million.
Shares of Journal Communications slipped 3 cents to $12.97 on the New York Stock Exchange.
ping
Couldn't happen to a nicer newspaper.
They are still giving away the Daily Red Star here in Tucson. Subscriptions are falling off faster than a Hollywood stars undies.
LOL!
Did they ever cover the vote fraud from 2004 ACORN activists running around Milwaukee voting numerous times? Or was that sent to the memory hole?
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