Free Republic

Journal Communications 3rd-Quarter Profit Slides on Purchase Price Adjustment MILWAUKEE (AP) -- Newspaper publisher and broadcast operator Journal Communications Inc. said Tuesday its third-quarter profit slipped 4 percent on a price adjustment related to the sale of discontinued operations. Net income declined to $13.5 million, or 19 cents per share, versus $14 million, or 19 cents per share, during the same period last year. Quarterly results included the operations of three television stations purchased in December 2005. Journal Communications also suffered a $1 million loss during the period for a purchase price adjustment related to the sale of NorthStar Print...

CHICAGO Total advertising revenues for Journal Register Co. fell 4.7% in the four weeks ended Aug. 27 compared with the same period a year ago, the Yardley, Pa.-based publisher said Monday. For period eight, ad revenues were $32.2 million, compared with $33.8 million for the four weeks ended Aug. 28, 2005. On a year-to-date basis, Journal Register said ad revenues are lagging last year by 3.0%. On a pro forma basis, assuming it owned the same properties during period eight this year and last, Journal Register ad revenues decreased 5.9% from last year. Journal Register said this reflected continuing softness...