Journal Communications Announces First-Quarter Profit, Reduced Debt
Journal Communications, publisher of the Milwaukee Journal-Sentinel and operator of multiple radio and television stations, today reported first-quarter operating earnings of $10.4 million, up from a loss of $400,000 in the first quarter of 2009.
The theme of declining revenue in the newspaper space, established in last Friday’s earnings from USA Today publisher Gannett and today’s results from Lee Enterprises, were again echoed in Journal Communications’ results. Revenue from the company’s publishing unit dropped 7.4% from the year-ago quarter to $44.6
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